Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Albanian Lek/US Dollar (FOREX:ALLUSD)
Crossroads (-60) - ALLUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ALLUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALLUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ALLUSD
The long-term trend has been DOWN since Apr 1st, 2020 at 0.00882844
The intermediate-term trend has been UP since Apr 17th, 2020 at 0.00863208
The short-term trend has been UP since May 15th, 2020 at 0.00876766
Smart Scan Analysis for ALLUSD
Based on our trend formula, ALLUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).