Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
Sri Lankan Rupee/US Dollar (FOREX:LKRUSD)
Crossroads (-60) - LKRUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid LKRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for LKRUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LKRUSD
The long-term trend has been DOWN since Dec 2nd, 2020 at 0.00539273
The intermediate-term trend has been UP since Apr 18th, 2021 at 0.00502929
The short-term trend has been UP since Apr 18th, 2021 at 0.00498284
Smart Scan Analysis for LKRUSD
Based on our trend formula, LKRUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).