Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
US Dollar/Lao Kip (FOREX:USDLAK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 USDLAK
The long term trend has been UP since Sep 25th, 2019 at 8825.600
The intermediate term trend has been UP since Nov 4th, 2019 at 8862.363
The short term trend has been DOWN since Jan 12th, 2020 at 8883.500
Smart Scan Analysis for USDLAK
Based on a pre-defined weighted trend formula for chart analysis, USDLAK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).