Forex Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
Sri Lankan Rupee/US Dollar (FOREX:LKRUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 LKRUSD
The long term trend has been DOWN since Aug 15th, 2019 at 0.005629
The intermediate term trend has been UP since Oct 13th, 2019 at 0.005521
The short term trend has been UP since Oct 13th, 2019 at 0.005507
Smart Scan Analysis for LKRUSD
Based on a pre-defined weighted trend formula for chart analysis, LKRUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).