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Forex Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

British Pound/Sri Lankan Rupee (FOREX:GBPLKR)

Sidelines Mode (-55) - GBPLKR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPLKR
Open High Low GBPLKR Price Change
385.55417 385.55417 385.55417 385.55417 0.00000
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 up The intermediate-term trend has been UP since May 14th, 2024 at 375.23398

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 385.46368

Smart Scan Analysis for GBPLKR

Based on our trend formula, GBPLKR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPLKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
385.55417 385.55417 385.55417 385.55417 0.00000
Prev. Close Volume Bid Ask Time
385.55417 2024-06-12 07:26:13
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