Forex Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
Albanian Lek/US Dollar (FOREX:ALLUSD)
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.
MarketClub’s Trade Triangles for ALLUSD
The long term trend has been UP since Mar 23rd, 2017 at 0.007895
The intermediate term trend has been UP since Oct 11th, 2017 at 0.008805
The short term trend has been DOWN since Sep 28th, 2017 at 0.008920
Smart Scan Analysis for ALLUSD
Based on a pre-defined weighted trend formula for chart analysis, ALLUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).