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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Sri Lankan Rupee/US Dollar (FOREX:LKRUSD)
Sidelines Mode (+55) - LKRUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid LKRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for LKRUSD.
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 LKRUSD
The long-term trend has been UP since Jan 16th, 2024 at 0.00310512
The intermediate-term trend has been UP since Dec 22nd, 2023 at 0.00305926
The short-term trend has been DOWN since May 1st, 2024 at 0.00336204
Smart Scan Analysis for LKRUSD
Based on our trend formula, LKRUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00332896 | 0.00332896 | 0.00332896 | 0.00332896 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00332896 | 2024-05-08 21:02:47 |