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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

Albanian Lek/British Pound (FOREX:ALLGBP)

Sidelines Mode (+55) - ALLGBP 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 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
0.00841487 0.00841487 0.00841487 0.00841487 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ALLGBP

long term up The long-term trend has been UP since Apr 3rd, 2024 at 0.00833674

intermediate term down The intermediate-term trend has been DOWN since May 26th, 2024 at 0.00848948

short term up The short-term trend has been UP since Jun 18th, 2024 at 0.00840459

Smart Scan Analysis for ALLGBP

Based on our trend formula, ALLGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for ALLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00841487 0.00841487 0.00841487 0.00841487 0.00000000
Prev. Close Volume Bid Ask Time
0.00841487 2024-06-18 07:26:12
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