Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Libyan Dinar/British Pound (FOREX:LYDGBP)
Long-Term Downtrend (-90) - LYDGBP is in a strong downtrend that is likely to continue. While LYDGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid LYDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for LYDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LYDGBP
The long-term trend has been DOWN since Aug 18th, 2020 at 0.55703484
The intermediate-term trend has been DOWN since Dec 17th, 2020 at 0.55067347
The short-term trend has been DOWN since Feb 4th, 2021 at 0.16320372
Smart Scan Analysis for LYDGBP
Based on our trend formula, LYDGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).