Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
US Dollar/Sri Lankan Rupee (FOREX:USDLKR)
Countertrend Up (+85) - USDLKR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Dec 2nd, 2020 at 185.48202
The intermediate-term trend has been UP since Sep 27th, 2021 at 200.24070
The short-term trend has been UP since Oct 12th, 2021 at 199.99312
Smart Scan Analysis for USDLKR
Based on our trend formula, USDLKR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).