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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.

FOREX_USDLAK
Open High Low USDLAK Price Change
8890 8890 8885 8885 -5
Entry Signal

MarketClub’s Trade Triangles for USDLAK

long term up The long term trend has been UP since Sep 25th, 2019 at 8825.600

intermediate term up The intermediate term trend has been UP since Nov 4th, 2019 at 8862.363

short term down 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).

+85
Smart Scan Analysis for USDLAK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8890 8890 8885 8885 -5
Prev. Close Volume Bid Ask Time
8890 8870 8900 2020-01-14 10:15:19
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