Forex Trend Analysis Report
Prepared for you on Monday, July 4, 2022.
/US Dollar (FOREX:LRDUSD)
Weak Downtrend (-65) - LRDUSD is showing signs of a strengthening downtrend. Monitor LRDUSD as it may be building momentum to the downside.
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 UP since May 2nd, 2022 at 0.00659679
The intermediate-term trend has been DOWN since Jun 27th, 2022 at 0.00656901
The short-term trend has been DOWN since Jun 27th, 2022 at 0.00657959
Smart Scan Analysis for LRDUSD
Based on our trend formula, LRDUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).