Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Albanian Lek/US Dollar (FOREX:ALLUSD)
Countertrend Down (-85) - ALLUSD 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 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 Aug 22nd, 2021 at 0.00961760
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 0.00969641
The short-term trend has been UP since Oct 20th, 2021 at 0.00953906
Smart Scan Analysis for ALLUSD
Based on our trend formula, ALLUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).