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Forex Trend Analysis Report
Prepared for you on Wednesday, October 5, 2022.
Euro/Lebanese Pound (FOREX:EURLBP)
Sidelines Mode (+55) - EURLBP 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 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.
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MarketClub’s Trade Triangles for EURLBP
The long-term trend has been UP since Aug 10th, 2022 at 1631.0
The intermediate-term trend has been DOWN since Sep 29th, 2022 at 1500.2
The short-term trend has been UP since Oct 5th, 2022 at 1488.0
Smart Scan Analysis for EURLBP
Based on our trend formula, EURLBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1494 | 1494 | 1494 | 1494 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1494 | 2022-10-05 15:23:21 |