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Forex Trend Analysis Report

Prepared for you on Sunday, July 14, 2024.

US Dollar/Sri Lankan Rupee (FOREX:USDLKR)

Strong Downtrend (-100) - USDLKR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDLKR continues to fall. 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
301.6527 301.6527 301.6527 301.6527 0.0000
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 Jul 10th, 2024 at 303.40840

short term down The short-term trend has been DOWN since Jul 2nd, 2024 at 305.30671

Smart Scan Analysis for USDLKR

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

-100
Smart Scan Analysis for USDLKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
301.6527 301.6527 301.6527 301.6527 0.0000
Prev. Close Volume Bid Ask Time
301.6527 2024-07-14 13:10:51
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