Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
South African Rand/Sri Lankan Rupee (FOREX:ZARLKR)
Sidelines Mode (-55) - ZARLKR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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, 2020 at 11.951274
The intermediate-term trend has been DOWN since Jan 14th, 2020 at 12.547998
The short-term trend has been UP since Apr 7th, 2020 at 10.430104
Smart Scan Analysis for ZARLKR
Based on our trend formula, ZARLKR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).