Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
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.
MarketClub’s Trade Triangles for USDLBP
The long-term trend has been DOWN since Jun 21st, 2022 at 1493.3733
The intermediate-term trend has been UP since Jun 23rd, 2022 at 1523.5786
The short-term trend has been DOWN since Jun 28th, 2022 at 1516.5000
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).