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Forex Trend Analysis Report

Prepared for you on Thursday, July 19, 2018.

Sri Lankan Rupee/Norwegian Krone (FOREX:LKRNOK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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.

Open High Low LKRNOK Price Change
0.05135 0.05165 0.05135 0.05155 +0.00020
Entry Signal

MarketClub’s Trade Triangles for LKRNOK

long term up The long term trend has been UP since May 29th, 2018 at 0.05195

intermediate term down The intermediate term trend has been DOWN since Jul 9th, 2018 at 0.05035

short term up The short term trend has been UP since Jul 12th, 2018 at 0.05065

Smart Scan Analysis for LKRNOK

Based on a pre-defined weighted trend formula for chart analysis, LKRNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for LKRNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05135 0.05165 0.05135 0.05155 +0.00020
Prev. Close Volume Bid Ask Time
0.05135 0.05150 0.05160 2018-07-19 09:08:54
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