Forex Trend Analysis Report
Prepared for you on Monday, July 4, 2022.
US Dollar/ (FOREX:USDLRD)
Crossroads (-60) - USDLRD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 May 2nd, 2022 at 151.60
The intermediate-term trend has been UP since Jun 27th, 2022 at 152.25
The short-term trend has been UP since Jun 27th, 2022 at 152.00
Smart Scan Analysis for USDLRD
Based on our trend formula, USDLRD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).