Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Libyan Dinar/US Dollar (FOREX:LYDUSD)
Sidelines Mode (+50) - LYDUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until LYDUSD can gain momentum.
Is it time to buy, sell, or avoid LYDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for LYDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LYDUSD
The long-term trend has been DOWN since Sep 7th, 2023 at 0.20681583
The intermediate-term trend has been UP since Nov 10th, 2023 at 0.20456025
The short-term trend has been UP since Oct 29th, 2023 at 0.20429080
Smart Scan Analysis for LYDUSD
Based on our trend formula, LYDUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).