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Forex Trend Analysis Report

Prepared for you on Friday, December 13, 2024.

Albanian Lek/British Pound (FOREX:ALLGBP)

Countertrend Down (-85) - ALLGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.00843269 0.00843269 0.00843269 0.00843269 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ALLGBP

long term down The long-term trend has been DOWN since Dec 4th, 2024 at 0.00842982

intermediate term down The intermediate-term trend has been DOWN since Dec 1st, 2024 at 0.00850114

short term up The short-term trend has been UP since Dec 9th, 2024 at 0.00842973

Smart Scan Analysis for ALLGBP

Based on our trend formula, ALLGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for ALLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00843269 0.00843269 0.00843269 0.00843269 0.00000000
Prev. Close Volume Bid Ask Time
0.00841304 2024-12-09 18:36:58
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