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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Albanian Lek/British Pound (FOREX:ALLGBP)
Long-Term Uptrend (+90) - ALLGBP is in a strong uptrend that is likely to continue. While ALLGBP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ALLGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALLGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ALLGBP
The long-term trend has been UP since Apr 3rd, 2024 at 0.00833674
The intermediate-term trend has been UP since Mar 29th, 2024 at 0.00831060
The short-term trend has been UP since May 1st, 2024 at 0.00850696
Smart Scan Analysis for ALLGBP
Based on our trend formula, ALLGBP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00853579 | 0.00853579 | 0.00853400 | 0.00853400 | -0.00000200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00853579 | 2024-05-08 21:02:49 |