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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
US Dollar/Sri Lankan Rupee (FOREX:USDLKR)
Long-Term Downtrend (-90) - USDLKR is in a strong downtrend that is likely to continue. While USDLKR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Jan 16th, 2024 at 322.07965
The intermediate-term trend has been DOWN since Sep 30th, 2024 at 301.30303
The short-term trend has been DOWN since Sep 30th, 2024 at 302.38534
Smart Scan Analysis for USDLKR
Based on our trend formula, USDLKR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 291.95054 | 291.95054 | 291.95054 | 291.95054 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 294.27258 | 2024-10-19 08:23:39 |