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Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
US Dollar/Sri Lankan Rupee (FOREX:USDLKR)
Bear Market Rally (-75) - USDLKR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDLKR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid USDLKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDLKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDLKR
The long-term trend has been DOWN since Jan 16th, 2024 at 322.07965
The intermediate-term trend has been DOWN since Dec 22nd, 2023 at 326.90892
The short-term trend has been UP since Apr 10th, 2024 at 299.38576
Smart Scan Analysis for USDLKR
Based on our trend formula, USDLKR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 301.17263 | 301.17263 | 301.17263 | 301.17263 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 301.17263 | 2024-04-17 19:38:08 |