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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.

FOREX_LKRZAR
Open High Low LKRZAR Price Change
0.07069571 0.07434843 0.07058388 0.07413993 +0.00344400
Entry Signal

MarketClub’s Trade Triangles for LKRZAR

long term down The long-term trend has been DOWN since Jul 21st, 2020 at 0.08839145

intermediate term down The intermediate-term trend has been DOWN since Mar 17th, 2021 at 0.07422769

short term up 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).

-65
Smart Scan Analysis for LKRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07069571 0.07434843 0.07058388 0.07413993 +0.00344400
Prev. Close Volume Bid Ask Time
0.07069571 2021-04-16 13:25:35
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