Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Lao Kip/US Dollar (FOREX:LAKUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 LAKUSD
The long term trend has been DOWN since Feb 14th, 2017 at 0.00012500
The intermediate term trend has been DOWN since Nov 4th, 2019 at 0.00011291
The short term trend has been UP since Jan 12th, 2020 at 0.00011268
Smart Scan Analysis for LAKUSD
Based on a pre-defined weighted trend formula for chart analysis, LAKUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).