Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
US Dollar/ (FOREX:USDLRD)
Bull Market Weakness (+75) - USDLRD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDLRD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDLRD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDLRD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDLRD
The long-term trend has been DOWN since Oct 5th, 2020 at 198.875
The intermediate-term trend has been UP since Dec 7th, 2020 at 159.000
The short-term trend has been UP since Nov 25th, 2020 at 156.075
Smart Scan Analysis for USDLRD
Based on our trend formula, USDLRD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).