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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

British Pound/Sri Lankan Rupee (FOREX:GBPLKR)

Sidelines Mode (+50) - GBPLKR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPLKR can gain momentum.

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.

FOREX_GBPLKR
Open High Low GBPLKR Price Change
278.17739 278.42149 278.17739 278.42149 +0.24410
Entry Signal

MarketClub’s Trade Triangles for GBPLKR

long term down The long-term trend has been DOWN since Aug 20th, 2021 at 272.64714

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2021 at 274.35163

short term up The short-term trend has been UP since Oct 10th, 2021 at 271.72152

Smart Scan Analysis for GBPLKR

Based on our trend formula, GBPLKR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for GBPLKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
278.17739 278.42149 278.17739 278.42149 +0.24410
Prev. Close Volume Bid Ask Time
278.53520 2021-10-25 21:08:35
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