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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

Albanian Lek/British Pound (FOREX:ALLGBP)

Weak Downtrend (-65) - ALLGBP is showing signs of a strengthening downtrend. Monitor ALLGBP as it may be building momentum to the downside.

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
0.00718148 0.00718148 0.00718148 0.00718148 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ALLGBP

long term up The long-term trend has been UP since May 4th, 2022 at 0.00696667

intermediate term down The intermediate-term trend has been DOWN since Aug 16th, 2022 at 0.00718987

short term down The short-term trend has been DOWN since Aug 16th, 2022 at 0.00718987

Smart Scan Analysis for ALLGBP

Based on our trend formula, ALLGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ALLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00718148 0.00718148 0.00718148 0.00718148 0.00000000
Prev. Close Volume Bid Ask Time
0.00718148 2022-08-16 21:08:58
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