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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.

FOREX_GBPLAK
Open High Low GBPLAK Price Change
11560.829 11560.829 11560.829 11560.829 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPLAK

long term up The long-term trend has been UP since Oct 17th, 2019 at 11060.750

intermediate term down The intermediate-term trend has been DOWN since Dec 23rd, 2019 at 11513.695

short term down 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).

-70
Smart Scan Analysis for GBPLAK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11560.829 11560.829 11560.829 11560.829 0.000
Prev. Close Volume Bid Ask Time
11560.829 11260.010 11861.647 2020-02-19 07:21:16
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