Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
US Dollar/Sri Lankan Rupee (FOREX:USDLKR)
Weak Downtrend (-65) - USDLKR is showing signs of a strengthening downtrend. Monitor USDLKR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDLKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDLKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDLKR
The long-term trend has been UP since Aug 15th, 2019 at 177.70000
The intermediate-term trend has been DOWN since May 3rd, 2020 at 190.51838
The short-term trend has been DOWN since Apr 30th, 2020 at 192.05029
Smart Scan Analysis for USDLKR
Based on our trend formula, USDLKR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).