Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
US Dollar/Lebanese Pound (FOREX:USDLBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 DOWN since Jun 23rd, 2019 at 1502.85
The intermediate term trend has been DOWN since Sep 4th, 2019 at 1507.00
The short term trend has been DOWN since Sep 25th, 2019 at 1507.55
Smart Scan Analysis for USDLBP
Based on a pre-defined weighted trend formula for chart analysis, USDLBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).