Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Euro/Albanian Lek (FOREX:EURALL)
Sidelines Mode (+50) - EURALL is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURALL can gain momentum.
Is it time to buy, sell, or avoid EURALL?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURALL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURALL
The long-term trend has been DOWN since Jun 7th, 2022 at 120.29
The intermediate-term trend has been UP since Aug 9th, 2022 at 116.61
The short-term trend has been UP since Aug 16th, 2022 at 116.75
Smart Scan Analysis for EURALL
Based on our trend formula, EURALL is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).