Forex Trend Analysis Report
Prepared for you on Sunday, February 18, 2018.
Euro/Sri Lankan Rupee (FOREX:EURLKR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURLKR
The long term trend has been UP since Feb 3rd, 2017 at 160.6134
The intermediate term trend has been UP since Feb 15th, 2018 at 191.1828
The short term trend has been UP since Jan 2nd, 2018 at 182.0834
Smart Scan Analysis for EURLKR
Based on a pre-defined weighted trend formula for chart analysis, EURLKR scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).