Forex Trend Analysis Report
Prepared for you on Thursday, June 8, 2023.
British Pound/Lao Kip (FOREX:GBPLAK)
Countertrend Up (+85) - GBPLAK 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 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.
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 UP since Mar 28th, 2023 at 20252.865
The short-term trend has been UP since Jun 1st, 2023 at 21899.163
Smart Scan Analysis for GBPLAK
Based on our trend formula, GBPLAK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).