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Forex Trend Analysis Report

Prepared for you on Friday, July 12, 2024.

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

Strong Downtrend (-100) - LKRZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, LKRZAR continues to fall. Traders should use caution and set stops.

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
0.05951187 0.05960165 0.05867475 0.05935496 -0.00015700
Entry Signal

MarketClub’s Trade Triangles for LKRZAR

long term down The long-term trend has been DOWN since Jun 14th, 2024 at 0.06008608

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2024 at 0.06008608

short term down The short-term trend has been DOWN since Jul 1st, 2024 at 0.05883999

Smart Scan Analysis for LKRZAR

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

-100
Smart Scan Analysis for LKRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05951187 0.05960165 0.05867475 0.05935496 -0.00015700
Prev. Close Volume Bid Ask Time
0.05951187 2024-07-12 17:03:15
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