Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Euro/Sri Lankan Rupee (FOREX:EURLKR)
Bear Market Rally (-75) - EURLKR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURLKR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURLKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURLKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURLKR
The long-term trend has been DOWN since Aug 10th, 2021 at 234.3484
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 234.7357
The short-term trend has been UP since Oct 14th, 2021 at 231.6246
Smart Scan Analysis for EURLKR
Based on our trend formula, EURLKR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).