Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Lao Kip/US Dollar (FOREX:LAKUSD)
Bear Market Rally (-75) - LAKUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on LAKUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid LAKUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for LAKUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LAKUSD
The long-term trend has been DOWN since Jun 8th, 2017 at 0.00012500
The intermediate-term trend has been UP since May 18th, 2020 at 0.00011231
The short-term trend has been DOWN since May 21st, 2020 at 0.00011127
Smart Scan Analysis for LAKUSD
Based on our trend formula, LAKUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).