Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Albanian Lek/British Pound (FOREX:ALLGBP)
Weak Uptrend (+65) - ALLGBP is showing signs of weakening momentum to the upside. Monitor ALLGBP as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for ALLGBP
The long-term trend has been UP since Mar 4th, 2020 at 0.00704116
The intermediate-term trend has been UP since Apr 29th, 2020 at 0.00703010
The short-term trend has been DOWN since May 25th, 2020 at 0.00721915
Smart Scan Analysis for ALLGBP
Based on our trend formula, ALLGBP is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).