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.
MarketClub’s Trade Triangles for GBPLKR
The long-term trend has been DOWN since Aug 20th, 2021 at 272.64714
The intermediate-term trend has been UP since Oct 14th, 2021 at 274.35163
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).