Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Lao Kip/US Dollar (FOREX:LAKUSD)
Long-Term Downtrend (-90) - LAKUSD is in a strong downtrend that is likely to continue. While LAKUSD 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 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 Jul 8th, 2018 at 0.00012000
The intermediate-term trend has been DOWN since Feb 12th, 2021 at 0.00010704
The short-term trend has been DOWN since Feb 24th, 2021 at 0.00010708
Smart Scan Analysis for LAKUSD
Based on our trend formula, LAKUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).