Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
British Pound/Sri Lankan Rupee (FOREX:GBPLKR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 17th, 2019 at 225.32500
The intermediate term trend has been UP since Dec 3rd, 2019 at 233.48855
The short term trend has been UP since Nov 17th, 2019 at 232.12648
Smart Scan Analysis for GBPLKR
Based on a pre-defined weighted trend formula for chart analysis, GBPLKR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).