Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
US Dollar/Lesotho Loti (FOREX:USDLSL)
Long-Term Downtrend (-90) - USDLSL is in a strong downtrend that is likely to continue. While USDLSL 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 USDLSL?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDLSL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDLSL
The long-term trend has been DOWN since Apr 22nd, 2021 at 14.515
The intermediate-term trend has been DOWN since Oct 18th, 2021 at 14.880
The short-term trend has been DOWN since Oct 18th, 2021 at 14.880
Smart Scan Analysis for USDLSL
Based on our trend formula, USDLSL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).