Forex Trend Analysis Report
Prepared for you on Tuesday, May 18, 2021.
US Dollar/Lebanese Pound (FOREX:USDLBP)
Strong Downtrend (-100) - USDLBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDLBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDLBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDLBP
The long-term trend has been DOWN since Apr 6th, 2021 at 1506.4969
The intermediate-term trend has been DOWN since Apr 1st, 2021 at 1510.5444
The short-term trend has been DOWN since May 17th, 2021 at 1507.7304
Smart Scan Analysis for USDLBP
Based on our trend formula, USDLBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).