Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
US Dollar/Lebanese Pound (FOREX:USDLBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 DOWN since Jun 23rd, 2019 at 1502.85
The intermediate term trend has been UP since Aug 15th, 2019 at 1515.00
The short term trend has been DOWN since Aug 16th, 2019 at 1512.15
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).