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Forex Trend Analysis Report

Prepared for you on Tuesday, December 3, 2024.

US Dollar/ (FOREX:USDLRD)

Strong Downtrend (-100) - USDLRD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDLRD continues to fall. Traders should use caution and set stops.

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
178.91677 178.91677 178.60000 178.60000 -0.31677
Entry Signal

MarketClub’s Trade Triangles for USDLRD

long term down The long-term trend has been DOWN since Oct 4th, 2024 at 193.84100

intermediate term down The intermediate-term trend has been DOWN since Sep 24th, 2024 at 194.96909

short term down The short-term trend has been DOWN since Sep 24th, 2024 at 199.97123

Smart Scan Analysis for USDLRD

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

-100
Smart Scan Analysis for USDLRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
178.91677 178.91677 178.60000 178.60000 -0.31677
Prev. Close Volume Bid Ask Time
178.91677 2024-12-02 13:10:21
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