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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 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.

FOREX_USDLKR
Open High Low USDLKR Price Change
304.64591 305.61293 304.64591 305.61293 +0.96702
Entry Signal

MarketClub’s Trade Triangles for USDLKR

long term down The long-term trend has been DOWN since Jan 16th, 2024 at 322.07965

intermediate term down The intermediate-term trend has been DOWN since Dec 22nd, 2023 at 326.90892

short term down The short-term trend has been DOWN since Feb 16th, 2024 at 313.04332

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).

-90
Smart Scan Analysis for USDLKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
304.64591 305.61293 304.64591 305.61293 +0.96702
Prev. Close Volume Bid Ask Time
304.64591 2024-03-18 22:07:03
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