Forex Trend Analysis Report
Prepared for you on Friday, April 16, 2021.
Sri Lankan Rupee/South African Rand (FOREX:LKRZAR)
Weak Downtrend (-65) - LKRZAR is showing signs of a strengthening downtrend. Monitor LKRZAR as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for LKRZAR
The long-term trend has been DOWN since Jul 21st, 2020 at 0.08839145
The intermediate-term trend has been DOWN since Mar 17th, 2021 at 0.07422769
The short-term trend has been UP since Apr 16th, 2021 at 0.07288490
Smart Scan Analysis for LKRZAR
Based on our trend formula, LKRZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).