Forex Trend Analysis Report
Prepared for you on Thursday, January 20, 2022.
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.
MarketClub’s Trade Triangles for USDLBP
The long-term trend has been DOWN since Dec 12th, 2021 at 1507.8505
The intermediate-term trend has been DOWN since Dec 7th, 2021 at 1511.8543
The short-term trend has been UP since Jan 11th, 2022 at 1514.1517
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).