Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Lao Kip/British Pound (FOREX:LAKGBP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for LAKGBP
The long term trend has been DOWN since Oct 17th, 2019 at 0.00009000
The intermediate term trend has been UP since Dec 23rd, 2019 at 0.00008691
The short term trend has been UP since Jan 3rd, 2020 at 0.00008564
Smart Scan Analysis for LAKGBP
Based on a pre-defined weighted trend formula for chart analysis, LAKGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).