Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
US Dollar/Sri Lankan Rupee (FOREX:USDLKR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.
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 DOWN since Dec 7th, 2018 at 178.700
Smart Scan Analysis for USDLKR
Based on a pre-defined weighted trend formula for chart analysis, USDLKR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).