Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Sri Lankan Rupee/US Dollar (FOREX:LKRUSD)
Sidelines Mode (-55) - LKRUSD 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
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 Aug 15th, 2019 at 0.00562900
The intermediate-term trend has been DOWN since Dec 3rd, 2019 at 0.00552506
The short-term trend has been UP since Feb 5th, 2020 at 0.00551344
Smart Scan Analysis for LKRUSD
Based on our trend formula, LKRUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).