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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Lebanese Pound (FOREX:USDLBP)
Sidelines Mode (+55) - USDLBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDLBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDLBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDLBP
The long-term trend has been UP since Jan 2nd, 2024 at 15115.69
The intermediate-term trend has been UP since Nov 8th, 2024 at 89600.00
The short-term trend has been DOWN since Nov 15th, 2024 at 89600.00
Smart Scan Analysis for USDLBP
Based on our trend formula, USDLBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 89600.8125 | 89600.8125 | 89600.0000 | 89600.0000 | -0.8125 |
| Prev. Close | Volume | Bid | Ask | Time |
| 89600.8125 | 2024-11-18 17:11:29 |