Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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 Dec 2nd, 2020 at 0.00539273
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 0.00499507
The short-term trend has been DOWN since Oct 12th, 2021 at 0.00500131
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).