Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
British Pound/Albanian Lek (FOREX:GBPALL)
Long-Term Downtrend (-90) - GBPALL is in a strong downtrend that is likely to continue. While GBPALL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Sep 14th, 2023 at 124.37636
The short-term trend has been DOWN since Sep 4th, 2023 at 126.49986
Smart Scan Analysis for GBPALL
Based on our trend formula, GBPALL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).