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Forex Trend Analysis Report

Prepared for you on Wednesday, December 4, 2024.

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

Bull Market Weakness (+75) - LKRZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on LKRZAR as it may be in the beginning stages of a reversal.

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
0.06227537 0.06258365 0.06215487 0.06232794 +0.00005300
Entry Signal

MarketClub’s Trade Triangles for LKRZAR

long term up The long-term trend has been UP since Nov 14th, 2024 at 0.06263990

intermediate term up The intermediate-term trend has been UP since Nov 11th, 2024 at 0.06089271

short term down The short-term trend has been DOWN since Nov 29th, 2024 at 0.06191496

Smart Scan Analysis for LKRZAR

Based on our trend formula, LKRZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for LKRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06227537 0.06258365 0.06215487 0.06232794 +0.00005300
Prev. Close Volume Bid Ask Time
0.06227537 2024-12-04 10:39:38
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