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.
MarketClub’s Trade Triangles for LKRZAR
The long-term trend has been UP since Jul 26th, 2021 at 0.07518018
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.07266985
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).