Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Euro/Lao Kip (FOREX:EURLAK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Aug 18th, 2019 at 9683.3
The intermediate term trend has been UP since Sep 13th, 2019 at 9715.2
The short term trend has been UP since Sep 5th, 2019 at 9666.8
Smart Scan Analysis for EURLAK
Based on a pre-defined weighted trend formula for chart analysis, EURLAK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).