Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
Albanian Lek/US Dollar (FOREX:ALLUSD)
Countertrend Up (+85) - ALLUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Nov 11th, 2022 at 0.00878073
The intermediate-term trend has been UP since Oct 31st, 2023 at 0.01004813
The short-term trend has been UP since Oct 30th, 2023 at 0.01002497
Smart Scan Analysis for ALLUSD
Based on our trend formula, ALLUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).