Forex Trend Analysis Report
Prepared for you on Thursday, March 4, 2021.
US Dollar/Lebanese Pound (FOREX:USDLBP)
Sidelines Mode (-50) - USDLBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDLBP can gain momentum.
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 UP since Dec 22nd, 2020 at 1521.9330
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 1508.0401
The short-term trend has been DOWN since Feb 22nd, 2021 at 1510.0099
Smart Scan Analysis for USDLBP
Based on our trend formula, USDLBP is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).