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Forex Trend Analysis Report
Prepared for you on Sunday, December 22, 2024.
US Dollar/ (FOREX:USDLRD)
Sidelines Mode (+50) - USDLRD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDLRD can gain momentum.
Is it time to buy, sell, or avoid USDLRD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDLRD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDLRD
The long-term trend has been DOWN since Oct 4th, 2024 at 193.84100
The intermediate-term trend has been UP since Dec 5th, 2024 at 184.50000
The short-term trend has been UP since Dec 5th, 2024 at 180.05784
Smart Scan Analysis for USDLRD
Based on our trend formula, USDLRD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 180.77347 | 180.77347 | 180.77347 | 180.77347 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 180.77347 | 2024-12-21 08:23:56 |