Forex Trend Analysis Report
Prepared for you on Friday, January 15, 2021.
Lebanese Pound/US Dollar (FOREX:LBPUSD)
Bear Market Rally (-75) - LBPUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on LBPUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid LBPUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for LBPUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LBPUSD
The long-term trend has been DOWN since Dec 22nd, 2020 at 0.00065796
The intermediate-term trend has been DOWN since Dec 21st, 2020 at 0.00065913
The short-term trend has been UP since Jan 12th, 2021 at 0.00065982
Smart Scan Analysis for LBPUSD
Based on our trend formula, LBPUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).