Forex Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
British Pound/Libyan Dinar (FOREX:GBPLYD)
Countertrend Up (+85) - GBPLYD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid GBPLYD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLYD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPLYD
The long-term trend has been UP since Dec 1st, 2023 at 6.0680772
The intermediate-term trend has been UP since Oct 18th, 2023 at 5.9584803
The short-term trend has been UP since Nov 12th, 2023 at 5.9447716
Smart Scan Analysis for GBPLYD
Based on our trend formula, GBPLYD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).