Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
South African Rand/Sri Lankan Rupee (FOREX:ZARLKR)
Countertrend Up (+85) - ZARLKR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZARLKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARLKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARLKR
The long-term trend has been UP since Jul 21st, 2020 at 11.323860
The intermediate-term trend has been UP since Mar 17th, 2021 at 13.470977
The short-term trend has been DOWN since May 12th, 2021 at 13.878701
Smart Scan Analysis for ZARLKR
Based on our trend formula, ZARLKR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).