Forex Trend Analysis Report
Prepared for you on Saturday, December 5, 2020.
British Pound/Sri Lankan Rupee (FOREX:GBPLKR)
Countertrend Up (+85) - GBPLKR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jul 29th, 2020 at 239.82866
The intermediate-term trend has been UP since Oct 21st, 2020 at 240.56133
The short-term trend has been UP since Oct 21st, 2020 at 239.65419
Smart Scan Analysis for GBPLKR
Based on our trend formula, GBPLKR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).