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Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2019.

British Pound/Lao Kip (FOREX:GBPLAK)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
10852.85 10852.85 10849.50 10849.50 -3.35
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 down The intermediate term trend has been DOWN since Jul 2nd, 2019 at 11005.45

short term down The short term trend has been DOWN since Jul 2nd, 2019 at 11058.60

Smart Scan Analysis for GBPLAK

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

-100
Smart Scan Analysis for GBPLAK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10852.85 10852.85 10849.50 10849.50 -3.35
Prev. Close Volume Bid Ask Time
10852.85 10572.80 11126.20 2019-07-16 21:19:40
Want to analyze British Pound/Lao Kip GBPLAK or another symbol? Try our Free Forex Trend Analysis Report.