Forex Trend Analysis Report
Prepared for you on Tuesday, June 18, 2019.
Euro/Lao Kip (FOREX:EURLAK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 EURLAK
The long term trend has been UP since Jun 4th, 2019 at 9787.1
The intermediate term trend has been UP since Apr 14th, 2019 at 9758.8
The short term trend has been DOWN since Jun 16th, 2019 at 9836.9
Smart Scan Analysis for EURLAK
Based on a pre-defined weighted trend formula for chart analysis, EURLAK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).