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.
MarketClub’s Trade Triangles for USDLRD
The long-term trend has been UP since Apr 4th, 2023 at 161.20
The intermediate-term trend has been UP since Sep 6th, 2023 at 186.25
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).