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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.

FOREX_LKRUSD
Open High Low LKRUSD Price Change
0.00309525 0.00309525 0.00309525 0.00309525 0.00000000
Entry Signal

MarketClub’s Trade Triangles for LKRUSD

long term down The long-term trend has been DOWN since Jul 23rd, 2023 at 0.00305903

intermediate term down The intermediate-term trend has been DOWN since Sep 20th, 2023 at 0.00308485

short term down 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).

-90
Smart Scan Analysis for LKRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00309525 0.00309525 0.00309525 0.00309525 0.00000000
Prev. Close Volume Bid Ask Time
0.00309525 2023-09-23 13:03:34
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