Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Sri Lankan Rupee/US Dollar (FOREX:LKRUSD)
Strong Downtrend (-100) - LKRUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 Jan 13th, 2021 at 0.00525662
The short-term trend has been DOWN since Feb 25th, 2021 at 0.00515698
Smart Scan Analysis for LKRUSD
Based on our trend formula, LKRUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).