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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.

FOREX_EURLKR
Open High Low EURLKR Price Change
198.7966 198.7966 198.7966 198.7966 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURLKR

long term up The long term trend has been UP since Oct 17th, 2019 at 200.0400

intermediate term down The intermediate term trend has been DOWN since Nov 10th, 2019 at 200.1981

short term down 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).

-60
Smart Scan Analysis for EURLKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
198.7966 198.7966 198.7966 198.7966 0.0000
Prev. Close Volume Bid Ask Time
198.7966 195.2966 202.2966 2019-11-16 08:20:05
Want to analyze Euro/Sri Lankan Rupee EURLKR or another symbol? Try our Free Forex Trend Analysis Report.