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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.

FOREX_LKRUSD
Open High Low LKRUSD Price Change
0.00550290 0.00550290 0.00550290 0.00550290 0.00000000
Entry Signal

MarketClub’s Trade Triangles for LKRUSD

long term down The long term trend has been DOWN since Aug 15th, 2019 at 0.005629

intermediate term up The intermediate term trend has been UP since Oct 13th, 2019 at 0.005521

short term up 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).

-60
Smart Scan Analysis for LKRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00550290 0.00550290 0.00550290 0.00550290 0.00000000
Prev. Close Volume Bid Ask Time
0.00550290 0.00540767 0.00559813 2019-10-17 20:06:22
Want to analyze Sri Lankan Rupee/US Dollar LKRUSD or another symbol? Try our Free Forex Trend Analysis Report.