Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
US Dollar/Lao Kip (FOREX:USDLAK)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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.
MarketClub’s Trade Triangles for USDLAK
The long term trend has been UP since May 2nd, 2018 at 8331.00
The intermediate term trend has been UP since Apr 1st, 2019 at 8602.15
The short term trend has been UP since Jun 4th, 2019 at 8681.80
Smart Scan Analysis for USDLAK
Based on a pre-defined weighted trend formula for chart analysis, USDLAK scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).