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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.

Open High Low EURLBP Price Change
1494 1494 1494 1494 0
Entry Signal

MarketClub’s Trade Triangles for EURLBP

long term up The long-term trend has been UP since Aug 10th, 2022 at 1631.0

intermediate term down The intermediate-term trend has been DOWN since Sep 29th, 2022 at 1500.2

short term up 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).

Smart Scan Analysis for EURLBP
Strong Downtrend Sideways 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
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