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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

US Dollar/ (FOREX:USDLRD)

Long-Term Downtrend (-90) - USDLRD is in a strong downtrend that is likely to continue. While USDLRD is showing intraday strength, it remains in the confines of a bearish trend. 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
193.05 193.05 193.05 193.05 0.00
Entry Signal

MarketClub’s Trade Triangles for USDLRD

long term down The long-term trend has been DOWN since Apr 16th, 2024 at 188.475

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 192.800

short term down The short-term trend has been DOWN since Apr 16th, 2024 at 192.850

Smart Scan Analysis for USDLRD

Based on our trend formula, USDLRD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDLRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
193.05 193.05 193.05 193.05 0.00
Prev. Close Volume Bid Ask Time
193.05 2024-04-18 15:49:52
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