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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

US Dollar/Sri Lankan Rupee (FOREX:USDLKR)

Bear Market Rally (-75) - USDLKR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDLKR as it may be in the beginning of a reversal.

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
302.10632 302.10632 300.64229 300.64229 -1.46403
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 May 28th, 2024 at 300.93003

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 302.26580

Smart Scan Analysis for USDLKR

Based on our trend formula, USDLKR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for USDLKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
302.10632 302.10632 300.64229 300.64229 -1.46403
Prev. Close Volume Bid Ask Time
302.10632 2024-06-12 21:02:27
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