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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/Sri Lankan Rupee (FOREX:USDLKR)
Strong Downtrend (-100) - USDLKR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDLKR continues to fall. Traders should use caution and set stops.
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 DOWN since Jul 10th, 2024 at 303.40840
The short-term trend has been DOWN since Jul 25th, 2024 at 303.63189
Smart Scan Analysis for USDLKR
Based on our trend formula, USDLKR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 302.96890 | 302.96890 | 302.88661 | 302.88661 | -0.08229 |
| Prev. Close | Volume | Bid | Ask | Time |
| 302.96890 | 2024-07-26 14:00:14 |