Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Sri Lankan Rupee/US Dollar (FOREX:LKRUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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.
MarketClub’s Trade Triangles for LKRUSD
The long term trend has been UP since Mar 31st, 2019 at 0.005656
The intermediate term trend has been UP since Jun 23rd, 2019 at 0.005697
The short term trend has been UP since Jul 3rd, 2019 at 0.005668
Smart Scan Analysis for LKRUSD
Based on a pre-defined weighted trend formula for chart analysis, LKRUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).