Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
/US Dollar (FOREX:LRDUSD)
Strong Downtrend (-100) - LRDUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid LRDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for LRDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LRDUSD
The long-term trend has been DOWN since Mar 2nd, 2020 at 0.00506472
The intermediate-term trend has been DOWN since Jan 6th, 2020 at 0.00531573
The short-term trend has been DOWN since May 20th, 2020 at 0.00503790
Smart Scan Analysis for LRDUSD
Based on our trend formula, LRDUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).