Forex Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
US Dollar/Sri Lankan Rupee (FOREX:USDLKR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDLKR
The long term trend has been UP since Aug 15th, 2019 at 177.70000
The intermediate term trend has been DOWN since Nov 10th, 2019 at 180.88011
The short term trend has been DOWN since Oct 29th, 2019 at 181.35898
Smart Scan Analysis for USDLKR
Based on a pre-defined weighted trend formula for chart analysis, USDLKR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).