Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
US Dollar/Lao Kip (FOREX:USDLAK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 Jan 3rd, 2019 at 8532.5
The short term trend has been UP since Feb 15th, 2019 at 8581.5
Smart Scan Analysis for USDLAK
Based on a pre-defined weighted trend formula for chart analysis, USDLAK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).