Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
US Dollar/ (FOREX:USDLRD)
Strong Uptrend (+100) - USDLRD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDLRD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Mar 2nd, 2020 at 197.450
The intermediate-term trend has been UP since Jan 6th, 2020 at 188.125
The short-term trend has been UP since Apr 22nd, 2020 at 198.150
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).