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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

/US Dollar (FOREX:LRDUSD)

Countertrend Down (-85) - LRDUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
0.0051661 0.0051661 0.0051661 0.0051661 0.0000000
Entry Signal

MarketClub’s Trade Triangles for LRDUSD

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 0.00518014

intermediate term down The intermediate-term trend has been DOWN since Apr 18th, 2024 at 0.00518014

short term up The short-term trend has been UP since May 21st, 2024 at 0.00516813

Smart Scan Analysis for LRDUSD

Based on our trend formula, LRDUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for LRDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0051661 0.0051661 0.0051661 0.0051661 0.0000000
Prev. Close Volume Bid Ask Time
0.0051661 2024-05-24 11:04:55
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