Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Euro/Lao Kip (FOREX:EURLAK)
Countertrend Up (+85) - EURLAK 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 EURLAK?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURLAK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURLAK
The long-term trend has been UP since Jun 1st, 2020 at 9902.3
The intermediate-term trend has been UP since Nov 9th, 2020 at 10932.8
The short-term trend has been UP since Nov 9th, 2020 at 10844.7
Smart Scan Analysis for EURLAK
Based on our trend formula, EURLAK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).