Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
US Dollar/Libyan Dinar (FOREX:USDLYD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDLYD
The long term trend has been DOWN since Nov 4th, 2019 at 1.4000000
The intermediate term trend has been DOWN since Oct 16th, 2019 at 1.4093500
The short term trend has been DOWN since Jan 8th, 2020 at 1.3980962
Smart Scan Analysis for USDLYD
Based on a pre-defined weighted trend formula for chart analysis, USDLYD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).