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Forex Trend Analysis Report

Prepared for you on Wednesday, January 23, 2019.

Sri Lankan Rupee/US Dollar (FOREX:LKRUSD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.

FOREX_LKRUSD
Open High Low LKRUSD Price Change
0.005494 0.005494 0.005494 0.005494 0.000000
Entry Signal

MarketClub’s Trade Triangles for LKRUSD

long term down The long term trend has been DOWN since Jan 10th, 2018 at 0.006485

intermediate term down The intermediate term trend has been DOWN since Mar 26th, 2018 at 0.006480

short term up The short term trend has been UP since Jan 20th, 2019 at 0.005491

Smart Scan Analysis for LKRUSD

Based on a pre-defined weighted trend formula for chart analysis, LKRUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for LKRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.005494 0.005494 0.005494 0.005494 0.000000
Prev. Close Volume Bid Ask Time
0.005494 0.005401 0.005587 2019-01-22 21:00:27
Want to analyze Sri Lankan Rupee/US Dollar LKRUSD or another symbol? Try our Free Forex Trend Analysis Report.