Forex Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
US Dollar/ (FOREX:USDLRD)
Weak Downtrend (-65) - USDLRD is showing signs of a strengthening downtrend. Monitor USDLRD as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for USDLRD
The long-term trend has been UP since Mar 1st, 2021 at 173.425
The intermediate-term trend has been DOWN since Mar 25th, 2021 at 173.400
The short-term trend has been DOWN since Mar 8th, 2021 at 173.900
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).