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Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

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.

FOREX_GBPLAK
Open High Low GBPLAK Price Change
12419.292 12419.292 12419.292 12419.292 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPLAK

long term up The long-term trend has been UP since Jun 7th, 2020 at 11438.753

intermediate term up The intermediate-term trend has been UP since Oct 7th, 2020 at 11856.832

short term up The short-term trend has been UP since Oct 7th, 2020 at 11856.832

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).

+80
Smart Scan Analysis for GBPLAK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12419.292 12419.292 12419.292 12419.292 0.000
Prev. Close Volume Bid Ask Time
12419.292 2020-11-23 21:07:05
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