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.
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 Oct 7th, 2020 at 11856.832
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).