Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
US Dollar/Albanian Lek (FOREX:USDALL)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 USDALL
The long term trend has been DOWN since Dec 20th, 2018 at 107.28
The intermediate term trend has been UP since Jan 11th, 2019 at 109.04
The short term trend has been UP since Jan 20th, 2019 at 109.37
Smart Scan Analysis for USDALL
Based on a pre-defined weighted trend formula for chart analysis, USDALL scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).