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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/ (FOREX:USDLRD)
Long-Term Uptrend (+90) - USDLRD is in a strong uptrend that is likely to continue. While USDLRD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Apr 24th, 2024 at 193.05000
The intermediate-term trend has been UP since Jul 10th, 2024 at 194.87500
The short-term trend has been UP since Jul 24th, 2024 at 195.12935
Smart Scan Analysis for USDLRD
Based on our trend formula, USDLRD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 195.38187 | 195.38187 | 195.31710 | 195.31710 | -0.06477 |
| Prev. Close | Volume | Bid | Ask | Time |
| 195.38187 | 2024-07-26 14:00:16 |