Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Euro/Sri Lankan Rupee (FOREX:EURLKR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Oct 17th, 2019 at 200.0400
The intermediate term trend has been DOWN since Nov 10th, 2019 at 200.1981
The short term trend has been DOWN since Nov 6th, 2019 at 201.5823
Smart Scan Analysis for EURLKR
Based on a pre-defined weighted trend formula for chart analysis, EURLKR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).