Free Daily Analysis

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.

FOREX_USDLRD
Open High Low USDLRD Price Change
158.85 158.85 157.50 157.50 -1.35
Entry Signal

MarketClub’s Trade Triangles for USDLRD

long term down The long-term trend has been DOWN since Jun 1st, 2021 at 171.625

intermediate term down The intermediate-term trend has been DOWN since Sep 13th, 2021 at 171.700

short term down 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).

-100
Smart Scan Analysis for USDLRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
158.85 158.85 157.50 157.50 -1.35
Prev. Close Volume Bid Ask Time
158.85 2021-10-21 11:13:55
Get a free daily analysis and signals for US Dollar/ (USDLRD) - Request Your Free Report.