Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Sri Lankan Rupee/British Pound (FOREX:LKRGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 LKRGBP
The long term trend has been UP since Apr 2nd, 2019 at 0.004375
The intermediate term trend has been UP since Jul 2nd, 2019 at 0.004484
The short term trend has been DOWN since Jul 19th, 2019 at 0.004540
Smart Scan Analysis for LKRGBP
Based on a pre-defined weighted trend formula for chart analysis, LKRGBP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).