Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
Euro/Sri Lankan Rupee (FOREX:EURLKR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURLKR
The long term trend has been DOWN since Mar 10th, 2019 at 201.17
The intermediate term trend has been UP since Aug 5th, 2019 at 197.57
The short term trend has been DOWN since Sep 16th, 2019 at 199.54
Smart Scan Analysis for EURLKR
Based on a pre-defined weighted trend formula for chart analysis, EURLKR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).