Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
Sri Lankan Rupee/British Pound (FOREX:LKRGBP)
Sidelines Mode (+50) - LKRGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until LKRGBP can gain momentum.
Is it time to buy, sell, or avoid LKRGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for LKRGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LKRGBP
The long-term trend has been DOWN since Jul 18th, 2023 at 0.00247213
The intermediate-term trend has been UP since Jul 31st, 2023 at 0.00237613
The short-term trend has been UP since Aug 25th, 2023 at 0.00244533
Smart Scan Analysis for LKRGBP
Based on our trend formula, LKRGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).