Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
US Dollar/Lebanese Pound (FOREX:USDLBP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDLBP
The long term trend has been DOWN since Jan 10th, 2020 at 1506.5016
The intermediate term trend has been UP since Jan 10th, 2020 at 1522.8929
The short term trend has been UP since Jan 21st, 2020 at 1514.1481
Smart Scan Analysis for USDLBP
Based on a pre-defined weighted trend formula for chart analysis, USDLBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).