Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
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 Jan 18th, 2023 at 152.70
The intermediate-term trend has been UP since Jan 19th, 2023 at 154.55
The short-term trend has been UP since Jan 19th, 2023 at 154.55
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).