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Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

British Pound/Albanian Lek (FOREX:GBPALL)

Sidelines Mode (+55) - GBPALL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid GBPALL?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPALL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPALL
Open High Low GBPALL Price Change
118.50109 118.50109 118.49689 118.49689 -0.00420
Entry Signal

MarketClub’s Trade Triangles for GBPALL

long term down The long-term trend has been DOWN since Apr 3rd, 2024 at 120.02031

intermediate term up The intermediate-term trend has been UP since May 26th, 2024 at 117.86597

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 119.05637

Smart Scan Analysis for GBPALL

Based on our trend formula, GBPALL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPALL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
118.50109 118.50109 118.49689 118.49689 -0.00420
Prev. Close Volume Bid Ask Time
118.27316 2024-06-23 21:00:31
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