Forex Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
Libyan Dinar/British Pound (FOREX:LYDGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for LYDGBP
The long term trend has been UP since May 19th, 2019 at 0.560025
The intermediate term trend has been UP since May 15th, 2019 at 0.554990
The short term trend has been UP since May 15th, 2019 at 0.551495
Smart Scan Analysis for LYDGBP
Based on a pre-defined weighted trend formula for chart analysis, LYDGBP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).