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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.

FOREX_USDLKR
Open High Low USDLKR Price Change
292.42344 292.42344 292.42344 292.42344 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDLKR

long term down The long-term trend has been DOWN since Jan 16th, 2024 at 322.07965

intermediate term up The intermediate-term trend has been UP since Dec 19th, 2024 at 291.66508

short term up 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).

+50
Smart Scan Analysis for USDLKR
Strong Downtrend Sideways 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
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