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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

/US Dollar (FOREX:LRDUSD)

Long-Term Downtrend (-90) - LRDUSD is in a strong downtrend that is likely to continue. While LRDUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_LRDUSD
Open High Low LRDUSD Price Change
0.00519092 0.00519092 0.00519092 0.00519092 0.00000000
Entry Signal

MarketClub’s Trade Triangles for LRDUSD

long term down The long-term trend has been DOWN since Apr 4th, 2023 at 0.00620353

intermediate term down The intermediate-term trend has been DOWN since Sep 6th, 2023 at 0.00536933

short term down The short-term trend has been DOWN since Mar 13th, 2024 at 0.00519634

Smart Scan Analysis for LRDUSD

Based on our trend formula, LRDUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for LRDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00519092 0.00519092 0.00519092 0.00519092 0.00000000
Prev. Close Volume Bid Ask Time
0.00519092 2024-03-20 10:42:06
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