Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
British Pound/Lao Kip (FOREX:GBPLAK)
Bull Market Weakness (+75) - GBPLAK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPLAK as it may be in the beginning stages of a reversal.
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 Jun 7th, 2020 at 11438.753
The intermediate-term trend has been UP since Sep 12th, 2021 at 13254.049
The short-term trend has been UP since Sep 27th, 2021 at 13250.900
Smart Scan Analysis for GBPLAK
Based on our trend formula, GBPLAK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).