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Forex Trend Analysis Report

Prepared for you on Sunday, April 14, 2024.

South African Rand/Sri Lankan Rupee (FOREX:ZARLKR)

Long-Term Downtrend (-90) - ZARLKR is in a strong downtrend that is likely to continue. While ZARLKR is showing intraday strength, it remains in the confines of a bearish trend. 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.

FOREX_ZARLKR
Open High Low ZARLKR Price Change
15.921610 16.012308 15.721006 15.810106 -0.111504
Entry Signal

MarketClub’s Trade Triangles for ZARLKR

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 15.749694

intermediate term down The intermediate-term trend has been DOWN since Jan 15th, 2024 at 17.087807

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 15.941771

Smart Scan Analysis for ZARLKR

Based on our trend formula, ZARLKR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARLKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.921610 16.012308 15.721006 15.810106 -0.111504
Prev. Close Volume Bid Ask Time
15.921610 2024-04-12 17:05:11
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