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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 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.
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MarketClub’s Trade Triangles for LKRZAR
The long-term trend has been DOWN since Jun 14th, 2024 at 0.06008608
The intermediate-term trend has been DOWN since Jun 14th, 2024 at 0.06008608
The short-term trend has been UP since Jul 23rd, 2024 at 0.06046124
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.06041331 | 0.06045332 | 0.06007073 | 0.06029484 | -0.00011800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.06041331 | 2024-07-26 17:00:06 |