Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Sri Lankan Rupee/British Pound (FOREX:LKRGBP)
Countertrend Down (-85) - LKRGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 29th, 2020 at 0.00417081
The intermediate-term trend has been DOWN since Oct 21st, 2020 at 0.00415802
The short-term trend has been UP since Mar 1st, 2021 at 0.00366086
Smart Scan Analysis for LKRGBP
Based on our trend formula, LKRGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).