Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
US Dollar/Lebanese Pound (FOREX:USDLBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 USDLBP
The long term trend has been UP since Oct 28th, 2019 at 1519.2000
The intermediate term trend has been DOWN since Oct 31st, 2019 at 1510.3582
The short term trend has been DOWN since Nov 28th, 2019 at 1513.0000
Smart Scan Analysis for USDLBP
Based on a pre-defined weighted trend formula for chart analysis, USDLBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).