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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

US Dollar/Sri Lankan Rupee (FOREX:USDLKR)

Bull Market Weakness (+75) - USDLKR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDLKR as it may be in the beginning stages of a reversal.

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
201.99483 202.33949 201.99483 202.33949 +0.34466
Entry Signal

MarketClub’s Trade Triangles for USDLKR

long term up The long-term trend has been UP since Dec 2nd, 2020 at 185.48202

intermediate term up The intermediate-term trend has been UP since Sep 27th, 2021 at 200.24070

short term up The short-term trend has been UP since Oct 12th, 2021 at 199.99312

Smart Scan Analysis for USDLKR

Based on our trend formula, USDLKR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDLKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
201.99483 202.33949 201.99483 202.33949 +0.34466
Prev. Close Volume Bid Ask Time
201.48789 2021-10-25 21:08:35
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