Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Sri Lankan Rupee/US Dollar (FOREX:LKRUSD)
Crossroads (-60) - LKRUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Aug 15th, 2019 at 0.00562900
The intermediate-term trend has been UP since May 3rd, 2020 at 0.00525034
The short-term trend has been UP since Apr 30th, 2020 at 0.00520843
Smart Scan Analysis for LKRUSD
Based on our trend formula, LKRUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).