Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
South African Rand/Sri Lankan Rupee (FOREX:ZARLKR)
Strong Downtrend (-100) - ZARLKR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARLKR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZARLKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARLKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARLKR
The long-term trend has been DOWN since Feb 24th, 2023 at 19.803346
The intermediate-term trend has been DOWN since Jan 30th, 2023 at 21.022794
The short-term trend has been DOWN since Mar 21st, 2023 at 18.131542
Smart Scan Analysis for ZARLKR
Based on our trend formula, ZARLKR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).