Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
British Pound/Sri Lankan Rupee (FOREX:GBPLKR)
Long-Term Downtrend (-90) - GBPLKR is in a strong downtrend that is likely to continue. While GBPLKR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPLKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPLKR
The long-term trend has been DOWN since Mar 3rd, 2023 at 438.03178
The intermediate-term trend has been DOWN since Feb 7th, 2023 at 447.44337
The short-term trend has been DOWN since Mar 3rd, 2023 at 439.86311
Smart Scan Analysis for GBPLKR
Based on our trend formula, GBPLKR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).