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.
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).