Forex Trend Analysis Report
Prepared for you on Sunday, August 9, 2020.
Sri Lankan Rupee/US Dollar (FOREX:LKRUSD)
Strong Downtrend (-100) - LKRUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Aug 15th, 2019 at 0.00562900
The intermediate-term trend has been DOWN since Jul 29th, 2020 at 0.00538110
The short-term trend has been DOWN since Jul 29th, 2020 at 0.00538372
Smart Scan Analysis for LKRUSD
Based on our trend formula, LKRUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).