Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
US Dollar/Lebanese Pound (FOREX:USDLBP)
Bull Market Weakness (+75) - USDLBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDLBP as it may be in the beginning stages of a reversal.
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 UP since Jun 26th, 2020 at 1523.8839
The intermediate-term trend has been DOWN since Jul 5th, 2020 at 1507.8322
The short-term trend has been UP since Aug 4th, 2020 at 1515.0000
Smart Scan Analysis for USDLBP
Based on our trend formula, USDLBP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).