Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
British Pound/Albanian Lek (FOREX:GBPALL)
Sidelines Mode (+50) - GBPALL is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPALL can gain momentum.
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 Aug 2nd, 2021 at 142.29838
The intermediate-term trend has been UP since Oct 11th, 2021 at 142.52321
The short-term trend has been UP since Sep 27th, 2021 at 141.85815
Smart Scan Analysis for GBPALL
Based on our trend formula, GBPALL is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).