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.
MarketClub’s Trade Triangles for ALLGBP
The long-term trend has been DOWN since Jan 25th, 2021 at 0.00718316
The intermediate-term trend has been DOWN since Jan 18th, 2021 at 0.00727993
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).