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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.

FOREX_GBPLKR
Open High Low GBPLKR Price Change
400.48501 400.51465 400.48501 400.51465 +0.02964
Entry Signal

MarketClub’s Trade Triangles for GBPLKR

long term down The long-term trend has been DOWN since Mar 3rd, 2023 at 438.03178

intermediate term down The intermediate-term trend has been DOWN since Feb 7th, 2023 at 447.44337

short term down 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).

-90
Smart Scan Analysis for GBPLKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
400.48501 400.51465 400.48501 400.51465 +0.02964
Prev. Close Volume Bid Ask Time
400.48501 2023-03-28 13:24:46
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