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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
British Pound/Lao Kip (FOREX:GBPLAK)
Long-Term Downtrend (-90) - GBPLAK is in a strong downtrend that is likely to continue. While GBPLAK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Nov 13th, 2024 at 28077.392
The intermediate-term trend has been DOWN since Nov 13th, 2024 at 28371.761
The short-term trend has been DOWN since Dec 13th, 2024 at 27830.445
Smart Scan Analysis for GBPLAK
Based on our trend formula, GBPLAK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 27371.297 | 27371.297 | 27371.297 | 27371.297 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 27860.776 | 2024-12-21 08:23:55 |