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.
MarketClub’s Trade Triangles for LRDUSD
The long-term trend has been UP since Jun 1st, 2021 at 0.00582683
The intermediate-term trend has been UP since Sep 13th, 2021 at 0.00582424
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).