Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
US Dollar/Lebanese Pound (FOREX:USDLBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since May 13th, 2019 at 1516.00
The intermediate term trend has been UP since Jun 14th, 2019 at 1515.45
The short term trend has been DOWN since Jun 19th, 2019 at 1515.75
Smart Scan Analysis for USDLBP
Based on a pre-defined weighted trend formula for chart analysis, USDLBP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).