Forex Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
Sri Lankan Rupee/US Dollar (FOREX:LKRUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since Jan 10th, 2018 at 0.006485
The intermediate term trend has been DOWN since Mar 26th, 2018 at 0.006480
The short term trend has been UP since Jan 20th, 2019 at 0.005491
Smart Scan Analysis for LKRUSD
Based on a pre-defined weighted trend formula for chart analysis, LKRUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).