Forex Trend Analysis Report
Prepared for you on Wednesday, January 20, 2021.
Euro/Lebanese Pound (FOREX:EURLBP)
Weak Downtrend (-65) - EURLBP is showing signs of a strengthening downtrend. Monitor EURLBP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid EURLBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURLBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURLBP
The long-term trend has been UP since Nov 27th, 2020 at 1805
The intermediate-term trend has been DOWN since Jan 12th, 2021 at 1839
The short-term trend has been DOWN since Jan 11th, 2021 at 1853
Smart Scan Analysis for EURLBP
Based on our trend formula, EURLBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).