Forex Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
British Pound/Lao Kip (FOREX:GBPLAK)
Sidelines Mode (+50) - GBPLAK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPLAK can gain momentum.
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 DOWN since Mar 4th, 2020 at 11449.526
The intermediate-term trend has been UP since Apr 2nd, 2020 at 10803.502
The short-term trend has been UP since Apr 2nd, 2020 at 10803.502
Smart Scan Analysis for GBPLAK
Based on our trend formula, GBPLAK is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).