Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Lao Kip/British Pound (FOREX:LAKGBP)
Sidelines Mode (+55) - LAKGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Mar 4th, 2020 at 0.00008740
The intermediate-term trend has been UP since May 3rd, 2020 at 0.00008956
The short-term trend has been DOWN since May 20th, 2020 at 0.00009084
Smart Scan Analysis for LAKGBP
Based on our trend formula, LAKGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).