Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
Sri Lankan Rupee/US Dollar (FOREX:LKRUSD)
Long-Term Downtrend (-90) - LKRUSD is in a strong downtrend that is likely to continue. While LKRUSD 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 LKRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for LKRUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LKRUSD
The long-term trend has been DOWN since Jul 23rd, 2023 at 0.00305903
The intermediate-term trend has been DOWN since Sep 20th, 2023 at 0.00308485
The short-term trend has been DOWN since Sep 20th, 2023 at 0.00308933
Smart Scan Analysis for LKRUSD
Based on our trend formula, LKRUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).