Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
Sri Lankan Rupee/British Pound (FOREX:LKRGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management 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.
MarketClub’s Trade Triangles for LKRGBP
The long term trend has been UP since Apr 2nd, 2019 at 0.004375
The intermediate term trend has been UP since May 16th, 2019 at 0.004433
The short term trend has been UP since May 15th, 2019 at 0.004412
Smart Scan Analysis for LKRGBP
Based on a pre-defined weighted trend formula for chart analysis, LKRGBP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).