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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Euro/Libyan Dinar (FOREX:EURLYD)

Strong Uptrend (+100) - EURLYD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURLYD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid EURLYD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURLYD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURLYD
Open High Low EURLYD Price Change
5.271 5.271 5.271 5.271 0.000
Entry Signal

MarketClub’s Trade Triangles for EURLYD

long term up The long-term trend has been UP since May 16th, 2024 at 5.258

intermediate term up The intermediate-term trend has been UP since May 7th, 2024 at 5.219

short term up The short-term trend has been UP since May 7th, 2024 at 5.219

Smart Scan Analysis for EURLYD

Based on our trend formula, EURLYD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for EURLYD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.271 5.271 5.271 5.271 0.000
Prev. Close Volume Bid Ask Time
5.271 2024-05-28 21:01:21
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