Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
Sri Lankan Rupee/Icelandic Krona (FOREX:LKRISK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 LKRISK
The long term trend has been UP since Nov 12th, 2018 at 0.71295
The intermediate term trend has been DOWN since Nov 19th, 2018 at 0.69370
The short term trend has been DOWN since Nov 30th, 2018 at 0.68810
Smart Scan Analysis for LKRISK
Based on a pre-defined weighted trend formula for chart analysis, LKRISK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).