Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

Sri Lankan Rupee/South African Rand (FOREX:LKRZAR)

Crossroads (+60) - LKRZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid LKRZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for LKRZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	LKRZAR Price	Change
0.05669339	0.05747846	0.05665783	0.05731918	+0.00062600
Entry Signal

MarketClub’s Trade Triangles for LKRZAR

The long-term trend has been DOWN since Jul 20th, 2023 at 0.05411492

The intermediate-term trend has been UP since Nov 21st, 2023 at 0.05798461

The short-term trend has been UP since Nov 30th, 2023 at 0.05753107

Smart Scan Analysis for LKRZAR

Based on our trend formula, LKRZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.05669339	0.05747846	0.05665783	0.05731918	+0.00062600
Prev. Close	Volume	Bid	Ask	Time
0.05669339				2023-12-04 15:42:41

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