Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
US Dollar/ (FOREX:USDLRD)
Strong Downtrend (-100) - USDLRD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for USDLRD
The long-term trend has been DOWN since Jun 1st, 2021 at 171.625
The intermediate-term trend has been DOWN since Sep 13th, 2021 at 171.700
The short-term trend has been DOWN since Sep 13th, 2021 at 171.700
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).