Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
British Pound/Albanian Lek (FOREX:GBPALL)
Bear Market Rally (-75) - GBPALL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPALL as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for GBPALL
The long-term trend has been DOWN since May 4th, 2022 at 143.60145
The intermediate-term trend has been DOWN since Feb 3rd, 2023 at 130.69512
The short-term trend has been UP since Mar 17th, 2023 at 130.03232
Smart Scan Analysis for GBPALL
Based on our trend formula, GBPALL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).