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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Albanian Lek (FOREX:USDALL)
Countertrend Down (-85) - USDALL is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid USDALL?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDALL.
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 USDALL
The long-term trend has been DOWN since Nov 15th, 2022 at 113.30
The intermediate-term trend has been DOWN since Apr 3rd, 2024 at 94.60
The short-term trend has been UP since May 8th, 2024 at 93.75
Smart Scan Analysis for USDALL
Based on our trend formula, USDALL is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 93.79484 | 93.79484 | 93.79484 | 93.79484 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 93.79484 | 2024-05-09 07:26:26 |