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Forex Trend Analysis Report

Prepared for you on Sunday, October 24, 2021.

Sri Lankan Rupee/South African Rand (FOREX:LKRZAR)

Sidelines Mode (-55) - LKRZAR 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 LKRZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for LKRZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_LKRZAR
Open High Low LKRZAR Price Change
0.07362789 0.07362789 0.07362789 0.07362789 0.00000000
Entry Signal

MarketClub’s Trade Triangles for LKRZAR

long term up The long-term trend has been UP since Jul 26th, 2021 at 0.07518018

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.07266985

short term up The short-term trend has been UP since Oct 22nd, 2021 at 0.07332808

Smart Scan Analysis for LKRZAR

Based on our trend formula, LKRZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for LKRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07362789 0.07362789 0.07362789 0.07362789 0.00000000
Prev. Close Volume Bid Ask Time
0.07362789 2021-10-23 18:50:32
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