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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.

FOREX_USDLKR
Open High Low USDLKR Price Change
200.95763 200.95763 200.95763 200.95763 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDLKR

long term up The long-term trend has been UP since Dec 2nd, 2020 at 185.48202

intermediate term up The intermediate-term trend has been UP since Sep 27th, 2021 at 200.24070

short term up 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).

+80
Smart Scan Analysis for USDLKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
200.95763 200.95763 200.95763 200.95763 0.00000
Prev. Close Volume Bid Ask Time
200.95763 2021-10-14 07:18:43
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