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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Sri Lankan Rupee (FOREX:GBPLKR)
Bear Market Rally (-75) - GBPLKR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPLKR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPLKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLKR.
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 GBPLKR
The long-term trend has been DOWN since Feb 5th, 2024 at 399.78278
The intermediate-term trend has been DOWN since Jan 4th, 2024 at 410.85258
The short-term trend has been UP since Apr 29th, 2024 at 371.48522
Smart Scan Analysis for GBPLKR
Based on our trend formula, GBPLKR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 375.22307 | 375.22307 | 375.22307 | 375.22307 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 375.22307 | 2024-05-08 21:02:47 |