Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
British Pound/Albanian Lek (FOREX:GBPALL)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 GBPALL
The long term trend has been UP since Oct 7th, 2018 at 142.885
The intermediate term trend has been DOWN since Nov 18th, 2018 at 140.085
The short term trend has been DOWN since Nov 11th, 2018 at 142.485
Smart Scan Analysis for GBPALL
Based on a pre-defined weighted trend formula for chart analysis, GBPALL scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).