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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

/US Dollar (FOREX:LRDUSD)

Countertrend Up (+85) - LRDUSD 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 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.

FOREX_LRDUSD
Open High Low LRDUSD Price Change
0.00629547 0.00634946 0.00629547 0.00634946 +0.00005400
Entry Signal

MarketClub’s Trade Triangles for LRDUSD

long term up The long-term trend has been UP since Jun 1st, 2021 at 0.00582683

intermediate term up The intermediate-term trend has been UP since Sep 13th, 2021 at 0.00582424

short term up The short-term trend has been UP since Sep 13th, 2021 at 0.00582424

Smart Scan Analysis for LRDUSD

Based on our trend formula, LRDUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for LRDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00629547 0.00634946 0.00629547 0.00634946 +0.00005400
Prev. Close Volume Bid Ask Time
0.00629547 2021-10-21 11:13:55
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