Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
British Pound/Libyan Dinar (FOREX:GBPLYD)
Countertrend Down (-85) - GBPLYD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Mar 4th, 2020 at 1.8136442
The intermediate-term trend has been DOWN since May 4th, 2020 at 1.7564953
The short-term trend has been UP since May 21st, 2020 at 1.7393203
Smart Scan Analysis for GBPLYD
Based on our trend formula, GBPLYD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).