Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
British Pound/Lao Kip (FOREX:GBPLAK)
Weak Downtrend (-65) - GBPLAK is showing signs of a strengthening downtrend. Monitor GBPLAK as it may be building momentum to the downside.
Is it time to buy, sell, or avoid GBPLAK?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLAK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPLAK
The long-term trend has been UP since Oct 17th, 2019 at 11060.750
The intermediate-term trend has been DOWN since Dec 23rd, 2019 at 11513.695
The short-term trend has been DOWN since Feb 19th, 2020 at 11595.458
Smart Scan Analysis for GBPLAK
Based on our trend formula, GBPLAK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).