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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Lao Kip (FOREX:GBPLAK)
Strong Downtrend (-100) - GBPLAK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPLAK continues to fall. 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 Oct 4th, 2024 at 29361.315
Smart Scan Analysis for GBPLAK
Based on our trend formula, GBPLAK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 27717.642 | 27717.642 | 27717.642 | 27717.642 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 27717.642 | 2024-11-18 21:06:11 |