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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

US Dollar/ (FOREX:USDLRD)

Bull Market Weakness (+75) - USDLRD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDLRD as it may be in the beginning stages of a reversal.

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.

FOREX_USDLRD
Open High Low USDLRD Price Change
193.5 193.5 193.5 193.5 0.0
Entry Signal

MarketClub’s Trade Triangles for USDLRD

long term up The long-term trend has been UP since Apr 24th, 2024 at 193.05

intermediate term up The intermediate-term trend has been UP since Apr 24th, 2024 at 193.05

short term up The short-term trend has been UP since May 15th, 2024 at 193.50

Smart Scan Analysis for USDLRD

Based on our trend formula, USDLRD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDLRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
193.5 193.5 193.5 193.5 0.0
Prev. Close Volume Bid Ask Time
193.5 2024-05-17 10:51:03
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