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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.

FOREX_GBPALL
Open High Low GBPALL Price Change
118.9316 118.9316 118.9316 118.9316 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPALL

long term down The long-term trend has been DOWN since May 4th, 2022 at 143.60145

intermediate term down The intermediate-term trend has been DOWN since Sep 14th, 2023 at 124.37636

short term down 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).

-90
Smart Scan Analysis for GBPALL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
118.9316 118.9316 118.9316 118.9316 0.0000
Prev. Close Volume Bid Ask Time
118.9316 2023-12-04 07:30:28
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