Forex Trend Analysis Report
Prepared for you on Thursday, August 11, 2022.
Lao Kip/British Pound (FOREX:LAKGBP)
Long-Term Downtrend (-90) - LAKGBP is in a strong downtrend that is likely to continue. While LAKGBP 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 LAKGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for LAKGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LAKGBP
The long-term trend has been DOWN since Jun 7th, 2020 at 0.00008748
The intermediate-term trend has been DOWN since Jul 27th, 2022 at 0.00005539
The short-term trend has been DOWN since Jul 27th, 2022 at 0.00005556
Smart Scan Analysis for LAKGBP
Based on our trend formula, LAKGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).