Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
US Dollar/Lao Kip (FOREX:USDLAK)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDLAK
The long term trend has been DOWN since Dec 13th, 2017 at 8288.0
The intermediate term trend has been UP since Mar 5th, 2018 at 8304.5
The short term trend has been UP since Apr 24th, 2018 at 8311.0
Smart Scan Analysis for USDLAK
Based on a pre-defined weighted trend formula for chart analysis, USDLAK scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).