Forex Trend Analysis Report
Prepared for you on Wednesday, October 24, 2018.
US Dollar/Sri Lankan Rupee (FOREX:USDLKR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 USDLKR
The long term trend has been UP since Jan 10th, 2018 at 154.295
The intermediate term trend has been UP since Jul 16th, 2018 at 159.570
The short term trend has been UP since Oct 22nd, 2018 at 172.265
Smart Scan Analysis for USDLKR
Based on a pre-defined weighted trend formula for chart analysis, USDLKR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).