Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
British Pound/Sri Lankan Rupee (FOREX:GBPLKR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 GBPLKR
The long term trend has been UP since Sep 14th, 2018 at 214.825
The intermediate term trend has been DOWN since Dec 11th, 2018 at 225.225
The short term trend has been UP since Dec 13th, 2018 at 227.595
Smart Scan Analysis for GBPLKR
Based on a pre-defined weighted trend formula for chart analysis, GBPLKR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).