Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
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 DOWN since Jun 14th, 2024 at 0.06008608
The intermediate-term trend has been UP since Oct 8th, 2024 at 0.05995546
The short-term trend has been DOWN since Oct 23rd, 2024 at 0.05957839
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.06033769 | 0.06045523 | 0.05988804 | 0.06000556 | -0.00033200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.06033769 | 2024-10-25 17:02:20 |