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.
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).