Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
US Dollar/Lao Kip (FOREX:USDLAK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.
MarketClub’s Trade Triangles for USDLAK
The long term trend has been UP since May 2nd, 2018 at 8331.0
The intermediate term trend has been DOWN since Jul 30th, 2019 at 8679.5
The short term trend has been UP since Aug 2nd, 2019 at 8695.0
Smart Scan Analysis for USDLAK
Based on a pre-defined weighted trend formula for chart analysis, USDLAK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).