Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
US Dollar/Albanian Lek (FOREX:USDALL)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since May 25th, 2018 at 108.46
The intermediate term trend has been UP since Oct 9th, 2018 at 109.48
The short term trend has been DOWN since Oct 22nd, 2018 at 108.70
Smart Scan Analysis for USDALL
Based on a pre-defined weighted trend formula for chart analysis, USDALL scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).