Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
US Dollar/Sri Lankan Rupee (FOREX:USDLKR)
Strong Uptrend (+100) - USDLKR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDLKR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in 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.
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 Jan 13th, 2021 at 190.27962
The short-term trend has been UP since Feb 25th, 2021 at 193.95458
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).