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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

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

Sidelines Mode (+55) - LKRZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_LKRZAR
Open High Low LKRZAR Price Change
0.06089801 0.06138855 0.06088435 0.06137890 +0.00048100
Entry Signal

MarketClub’s Trade Triangles for LKRZAR

long term up The long-term trend has been UP since Apr 12th, 2024 at 0.06349348

intermediate term down The intermediate-term trend has been DOWN since May 7th, 2024 at 0.06188609

short term up The short-term trend has been UP since May 22nd, 2024 at 0.06101776

Smart Scan Analysis for LKRZAR

Based on our trend formula, LKRZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for LKRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06089801 0.06138855 0.06088435 0.06137890 +0.00048100
Prev. Close Volume Bid Ask Time
0.06089801 2024-05-23 05:28:13
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