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Forex Trend Analysis Report

Prepared for you on Tuesday, August 9, 2022.

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

Bear Market Rally (-75) - LKRZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on LKRZAR as it may be in the beginning of a reversal.

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
0.04606186 0.04629402 0.04594194 0.04607882 +0.00001700
Entry Signal

MarketClub’s Trade Triangles for LKRZAR

long term down The long-term trend has been DOWN since Feb 17th, 2022 at 0.07382365

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 0.04474736

short term down The short-term trend has been DOWN since Aug 8th, 2022 at 0.04604367

Smart Scan Analysis for LKRZAR

Based on our trend formula, LKRZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for LKRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04606186 0.04629402 0.04594194 0.04607882 +0.00001700
Prev. Close Volume Bid Ask Time
0.04606186 2022-08-09 16:44:51
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