Forex Trend Analysis Report
Prepared for you on Wednesday, October 16, 2019.
Euro/Libyan Dinar (FOREX:EURLYD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURLYD
The long term trend has been DOWN since Aug 1st, 2019 at 1.5605
The intermediate term trend has been UP since Oct 13th, 2019 at 1.5574
The short term trend has been UP since Oct 13th, 2019 at 1.5529
Smart Scan Analysis for EURLYD
Based on a pre-defined weighted trend formula for chart analysis, EURLYD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).