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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

British Pound/Sri Lankan Rupee (FOREX:GBPLKR)

Strong Downtrend (-100) - GBPLKR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPLKR continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid GBPLKR?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLKR.

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FOREX_GBPLKR
Open High Low GBPLKR Price Change
379.93511 379.93511 379.19528 379.19528 -0.73983
Entry Signal

MarketClub’s Trade Triangles for GBPLKR

long term down The long-term trend has been DOWN since Feb 5th, 2024 at 399.78278

intermediate term down The intermediate-term trend has been DOWN since Jan 4th, 2024 at 410.85258

short term down The short-term trend has been DOWN since Mar 17th, 2024 at 391.87703

Smart Scan Analysis for GBPLKR

Based on our trend formula, GBPLKR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for GBPLKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
379.93511 379.93511 379.19528 379.19528 -0.73983
Prev. Close Volume Bid Ask Time
379.57721 2024-03-28 08:26:04
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