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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

US Dollar/Lebanese Pound (FOREX:USDLBP)

Countertrend Up (+85) - USDLBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
89627.046875 89627.046875 89602.515625 89602.515625 -24.531250
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 Dec 28th, 2023 at 15091.3860000

short term down The short-term trend has been DOWN since Mar 19th, 2024 at 89515.9453125

Smart Scan Analysis for USDLBP

Based on our trend formula, USDLBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for USDLBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
89627.046875 89627.046875 89602.515625 89602.515625 -24.531250
Prev. Close Volume Bid Ask Time
89627.046875 2024-03-29 03:30:07
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