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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.

FOREX_LRDUSD
Open High Low LRDUSD Price Change
0.00582427 0.00582597 0.00582427 0.00582597 +0.00000200
Entry Signal

MarketClub’s Trade Triangles for LRDUSD

long term up The long-term trend has been UP since Jun 1st, 2021 at 0.00582683

intermediate term down The intermediate-term trend has been DOWN since Jul 6th, 2021 at 0.00583106

short term down 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).

-60
Smart Scan Analysis for LRDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00582427 0.00582597 0.00582427 0.00582597 +0.00000200
Prev. Close Volume Bid Ask Time
0.00582427 2021-07-28 15:24:41
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