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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Lao Kip (FOREX:GBPLAK)
Weak Downtrend (-65) - GBPLAK is showing signs of a strengthening downtrend. Monitor GBPLAK as it may be building momentum to the downside.
Is it time to buy, sell, or avoid GBPLAK?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLAK.
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 GBPLAK
The long-term trend has been UP since Apr 5th, 2023 at 20903.954
The intermediate-term trend has been DOWN since Apr 17th, 2024 at 26569.606
The short-term trend has been DOWN since May 1st, 2024 at 26710.983
Smart Scan Analysis for GBPLAK
Based on our trend formula, GBPLAK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 26587.972 | 26587.972 | 26587.972 | 26587.972 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 26587.972 | 2024-05-09 07:26:28 |