Forex Trend Analysis Report
Prepared for you on Thursday, August 5, 2021.
/US Dollar (FOREX:LRDUSD)
Crossroads (-60) - LRDUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for LRDUSD
The long-term trend has been UP since Jun 1st, 2021 at 0.00582683
The intermediate-term trend has been DOWN since Jul 6th, 2021 at 0.00583106
The short-term trend has been DOWN since Jun 24th, 2021 at 0.00583449
Smart Scan Analysis for LRDUSD
Based on our trend formula, LRDUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).