Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Euro/Lao Kip (FOREX:EURLAK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 EURLAK
The long term trend has been DOWN since Nov 12th, 2018 at 9689.0
The intermediate term trend has been DOWN since Feb 10th, 2019 at 9723.5
The short term trend has been UP since Mar 20th, 2019 at 9721.6
Smart Scan Analysis for EURLAK
Based on a pre-defined weighted trend formula for chart analysis, EURLAK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).