Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 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 UP since Mar 31st, 2019 at 0.005656
The intermediate term trend has been DOWN since May 12th, 2019 at 0.005706
The short term trend has been DOWN since May 24th, 2019 at 0.005684
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).