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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Sri Lankan Rupee (FOREX:EURLKR)
Sidelines Mode (+50) - EURLKR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURLKR can gain momentum.
Is it time to buy, sell, or avoid EURLKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURLKR.
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 EURLKR
The long-term trend has been DOWN since Feb 5th, 2024 at 345.50
The intermediate-term trend has been UP since May 7th, 2024 at 321.62
The short-term trend has been UP since May 5th, 2024 at 318.75
Smart Scan Analysis for EURLKR
Based on our trend formula, EURLKR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 322.75 | 322.75 | 322.75 | 322.75 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 322.75 | 2024-05-08 21:02:47 |