Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Euro/Sri Lankan Rupee (FOREX:EURLKR)
Countertrend Up (+85) - EURLKR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid EURLKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURLKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURLKR
The long-term trend has been UP since Mar 6th, 2020 at 203.6451
The intermediate-term trend has been UP since Nov 9th, 2020 at 218.5048
The short-term trend has been UP since Nov 4th, 2020 at 215.8047
Smart Scan Analysis for EURLKR
Based on our trend formula, EURLKR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).