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Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
US Dollar/Sri Lankan Rupee (FOREX:USDLKR)
Sidelines Mode (+55) - USDLKR 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 USDLKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDLKR.
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 USDLKR
The long-term trend has been UP since Jul 23rd, 2023 at 326.93276
The intermediate-term trend has been UP since Nov 24th, 2023 at 327.27135
The short-term trend has been DOWN since Dec 6th, 2023 at 328.37191
Smart Scan Analysis for USDLKR
Based on our trend formula, USDLKR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 327.07782 | 327.36647 | 327.07782 | 327.25703 | +0.17921 |
| Prev. Close | Volume | Bid | Ask | Time |
| 327.35781 | 2023-12-06 21:30:13 |