Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Sri Lankan Rupee/South African Rand (FOREX:LKRZAR)

Crossroads (-60) - LKRZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid LKRZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for LKRZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	LKRZAR Price	Change
0.06182713	0.06208422	0.06158199	0.06208422	+0.00025700
Entry Signal

MarketClub’s Trade Triangles for LKRZAR

The long-term trend has been UP since Apr 12th, 2024 at 0.06349348

The intermediate-term trend has been DOWN since May 7th, 2024 at 0.06188609

The short-term trend has been DOWN since Apr 26th, 2024 at 0.06364210

Smart Scan Analysis for LKRZAR

Based on our trend formula, LKRZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.06182713	0.06208422	0.06158199	0.06208422	+0.00025700
Prev. Close	Volume	Bid	Ask	Time
0.06182713				2024-05-09 08:23:18

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