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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 2024.

US Dollar/Lebanese Pound (FOREX:USDLBP)

Sidelines Mode (+55) - USDLBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_USDLBP
Open High Low USDLBP Price Change
89538.9335938 89538.9335938 89470.7148438 89470.7148438 -68.2187500
Entry Signal

MarketClub’s Trade Triangles for USDLBP

long term up The long-term trend has been UP since Jan 2nd, 2024 at 15115.6900000

intermediate term up The intermediate-term trend has been UP since Jul 18th, 2024 at 89845.6015625

short term down The short-term trend has been DOWN since Jul 21st, 2024 at 89508.6796875

Smart Scan Analysis for USDLBP

Based on our trend formula, USDLBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDLBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
89538.9335938 89538.9335938 89470.7148438 89470.7148438 -68.2187500
Prev. Close Volume Bid Ask Time
89538.9335938 2024-07-21 21:00:35
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