Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
US Dollar/Lebanese Pound (FOREX:USDLBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 USDLBP
The long term trend has been DOWN since Nov 20th, 2018 at 1500.45
The intermediate term trend has been DOWN since Jan 3rd, 2019 at 1504.15
The short term trend has been UP since Feb 8th, 2019 at 1511.75
Smart Scan Analysis for USDLBP
Based on a pre-defined weighted trend formula for chart analysis, USDLBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).