Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

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

Bull Market Weakness (+75) - LKRZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on LKRZAR as it may be in the beginning stages 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.

Open	High	Low	LKRZAR Price	Change
0.07832610	0.07942843	0.07826271	0.07917448	+0.00084800
Entry Signal

MarketClub’s Trade Triangles for LKRZAR

The long-term trend has been DOWN since Jul 21st, 2020 at 0.08839145

The intermediate-term trend has been UP since Mar 4th, 2021 at 0.07816074

The short-term trend has been UP since Mar 4th, 2021 at 0.07766520

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

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.07832610	0.07942843	0.07826271	0.07917448	+0.00084800
Prev. Close	Volume	Bid	Ask	Time
0.07832610				2021-03-08 20:42:01

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