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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2023.

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

Crossroads (+60) - LKRZAR is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_LKRZAR
Open High Low LKRZAR Price Change
0.05801086 0.05841581 0.05778464 0.05826072 +0.00025000
Entry Signal

MarketClub’s Trade Triangles for LKRZAR

long term down The long-term trend has been DOWN since Jul 20th, 2023 at 0.05411492

intermediate term up The intermediate-term trend has been UP since Nov 21st, 2023 at 0.05798461

short term up The short-term trend has been UP since Nov 30th, 2023 at 0.05753107

Smart Scan Analysis for LKRZAR

Based on our trend formula, LKRZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for LKRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05801086 0.05841581 0.05778464 0.05826072 +0.00025000
Prev. Close Volume Bid Ask Time
0.05801086 2023-12-11 14:51:40
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