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Forex Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

Albanian Lek/British Pound (FOREX:ALLGBP)

Bear Market Rally (-75) - ALLGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ALLGBP as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid ALLGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for ALLGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ALLGBP
Open High Low ALLGBP Price Change
0.00700068 0.00700068 0.00700068 0.00700068 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ALLGBP

long term down The long-term trend has been DOWN since Jan 25th, 2021 at 0.00718316

intermediate term down The intermediate-term trend has been DOWN since Jan 18th, 2021 at 0.00727993

short term up The short-term trend has been UP since Mar 5th, 2021 at 0.00699979

Smart Scan Analysis for ALLGBP

Based on our trend formula, ALLGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for ALLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00700068 0.00700068 0.00700068 0.00700068 0.00000000
Prev. Close Volume Bid Ask Time
0.00700068 2021-03-05 07:55:15
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