Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
British Pound/Sri Lankan Rupee (FOREX:GBPLKR)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 GBPLKR
The long term trend has been UP since Sep 14th, 2018 at 214.825
The intermediate term trend has been DOWN since Feb 1st, 2019 at 231.425
The short term trend has been DOWN since Feb 23rd, 2019 at 233.600
Smart Scan Analysis for GBPLKR
Based on a pre-defined weighted trend formula for chart analysis, GBPLKR scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).