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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

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.

FOREX_GBPLKR
Open High Low GBPLKR Price Change
379.57721 379.60833 379.57721 379.60833 +0.03112
Entry Signal

MarketClub’s Trade Triangles for GBPLKR

long term down The long-term trend has been DOWN since Feb 5th, 2024 at 399.78278

intermediate term down The intermediate-term trend has been DOWN since Jan 4th, 2024 at 410.85258

short term down The short-term trend has been DOWN since Mar 17th, 2024 at 391.87703

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).

-90
Smart Scan Analysis for GBPLKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
379.57721 379.60833 379.57721 379.60833 +0.03112
Prev. Close Volume Bid Ask Time
379.57721 2024-03-29 03:30:07
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