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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
US Dollar/Sri Lankan Rupee (FOREX:USDLKR)
Sidelines Mode (+50) - USDLKR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDLKR can gain momentum.
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.
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MarketClub’s Trade Triangles for USDLKR
The long-term trend has been DOWN since Jan 16th, 2024 at 322.07965
The intermediate-term trend has been UP since Dec 19th, 2024 at 291.66508
The short-term trend has been UP since Dec 18th, 2024 at 290.53056
Smart Scan Analysis for USDLKR
Based on our trend formula, USDLKR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 292.42344 | 292.42344 | 292.42344 | 292.42344 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 294.25155 | 2024-12-21 08:23:55 |