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Forex Trend Analysis Report

Prepared for you on Thursday, October 19, 2017.

Albanian Lek/British Pound (FOREX:ALLGBP)

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.

FOREX_ALLGBP
Open High Low ALLGBP Price Change
0.006695 0.006695 0.006695 0.006695 0.000000
Entry Signal

MarketClub’s Trade Triangles for ALLGBP

long term up The long term trend has been UP since May 29th, 2017 at 0.00644

intermediate term up The intermediate term trend has been UP since Oct 11th, 2017 at 0.00656

short term down The short term trend has been DOWN since Sep 28th, 2017 at 0.00684

Smart Scan Analysis for ALLGBP

Based on a pre-defined weighted trend formula for chart analysis, ALLGBP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for ALLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.006695 0.006695 0.006695 0.006695 0.000000
Prev. Close Volume Bid Ask Time
0.006695 0.006570 0.006820 2017-10-11 09:29:37
Want to analyze Albanian Lek/British Pound ALLGBP or another symbol? Try our Free Forex Trend Analysis Report.