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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.

FOREX_LKRUSD
Open High Low LKRUSD Price Change
0.00497729 0.00497729 0.00497729 0.00497729 0.00000000
Entry Signal

MarketClub’s Trade Triangles for LKRUSD

long term down The long-term trend has been DOWN since Dec 2nd, 2020 at 0.00539273

intermediate term down The intermediate-term trend has been DOWN since Sep 27th, 2021 at 0.00499507

short term down 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).

-90
Smart Scan Analysis for LKRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00497729 0.00497729 0.00497729 0.00497729 0.00000000
Prev. Close Volume Bid Ask Time
0.00497729 2021-10-14 07:18:43
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