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Forex Trend Analysis Report

Prepared for you on Saturday, September 21, 2019.

British Pound/Lao Kip (FOREX:GBPLAK)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_GBPLAK
Open High Low GBPLAK Price Change
10998.4 10998.4 10998.4 10998.4 0.0
Entry Signal

MarketClub’s Trade Triangles for GBPLAK

long term down The long term trend has been DOWN since Jun 2nd, 2019 at 11022.60

intermediate term up The intermediate term trend has been UP since Aug 18th, 2019 at 10570.85

short term down The short term trend has been DOWN since Sep 17th, 2019 at 10957.85

Smart Scan Analysis for GBPLAK

Based on a pre-defined weighted trend formula for chart analysis, GBPLAK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for GBPLAK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10998.4 10998.4 10998.4 10998.4 0.0
Prev. Close Volume Bid Ask Time
11046.8 10715.8 11281.0 2019-09-18 20:37:16
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