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Forex Trend Analysis Report

Prepared for you on Sunday, October 1, 2023.

US Dollar/ (FOREX:USDLRD)

Countertrend Up (+85) - USDLRD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_USDLRD
Open High Low USDLRD Price Change
186.65 186.65 186.65 186.65 0.00
Entry Signal

MarketClub’s Trade Triangles for USDLRD

long term up The long-term trend has been UP since Apr 4th, 2023 at 161.20

intermediate term up The intermediate-term trend has been UP since Sep 6th, 2023 at 186.25

short term up The short-term trend has been UP since Sep 25th, 2023 at 186.45

Smart Scan Analysis for USDLRD

Based on our trend formula, USDLRD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDLRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
186.65 186.65 186.65 186.65 0.00
Prev. Close Volume Bid Ask Time
186.65 2023-09-29 14:46:34
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