Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
US Dollar/Libyan Dinar (FOREX:USDLYD)
Sidelines Mode (+55) - USDLYD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDLYD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDLYD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDLYD
The long-term trend has been UP since Sep 7th, 2023 at 4.8400000
The intermediate-term trend has been DOWN since Nov 9th, 2023 at 4.8886998
The short-term trend has been UP since Dec 5th, 2023 at 4.8150000
Smart Scan Analysis for USDLYD
Based on our trend formula, USDLYD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).