Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
British Pound/Albanian Lek (FOREX:GBPALL)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 DOWN since Dec 3rd, 2018 at 139.375
The intermediate term trend has been UP since Jan 7th, 2019 at 137.480
The short term trend has been UP since Jan 7th, 2019 at 137.480
Smart Scan Analysis for GBPALL
Based on a pre-defined weighted trend formula for chart analysis, GBPALL scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).