Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Sri Lankan Rupee/British Pound (FOREX:LKRGBP)
Sidelines Mode (+55) - LKRGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Mar 29th, 2020 at 0.00427615
The intermediate-term trend has been UP since May 3rd, 2020 at 0.00419868
The short-term trend has been DOWN since Jun 1st, 2020 at 0.00435813
Smart Scan Analysis for LKRGBP
Based on our trend formula, LKRGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).