Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
Euro/Albanian Lek (FOREX:EURALL)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 EURALL
The long term trend has been DOWN since Feb 7th, 2018 at 133.61
The intermediate term trend has been DOWN since Sep 25th, 2018 at 126.34
The short term trend has been DOWN since Dec 6th, 2018 at 124.22
Smart Scan Analysis for EURALL
Based on a pre-defined weighted trend formula for chart analysis, EURALL scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).