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Forex Trend Analysis Report

Prepared for you on Friday, February 7, 2025.

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

Weak Downtrend (-65) - LKRZAR is showing signs of a strengthening downtrend. Monitor LKRZAR as it may be building momentum to the downside.

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
0.06195693 0.06221739 0.06160152 0.06188492 -0.00007200
Entry Signal

MarketClub’s Trade Triangles for LKRZAR

long term up The long-term trend has been UP since Nov 14th, 2024 at 0.06263990

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2025 at 0.06227023

short term down The short-term trend has been DOWN since Feb 5th, 2025 at 0.06222361

Smart Scan Analysis for LKRZAR

Based on our trend formula, LKRZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for LKRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06195693 0.06221739 0.06160152 0.06188492 -0.00007200
Prev. Close Volume Bid Ask Time
0.06195693 2025-02-07 16:51:35
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