Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Albanian Lek/Euro (FOREX:ALLEUR)
Sidelines Mode (+55) - ALLEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ALLEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALLEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ALLEUR
The long-term trend has been UP since Nov 12th, 2020 at 0.00808738
The intermediate-term trend has been UP since Sep 13th, 2021 at 0.00821567
The short-term trend has been DOWN since Sep 22nd, 2021 at 0.00824685
Smart Scan Analysis for ALLEUR
Based on our trend formula, ALLEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).