Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
British Pound/Albanian Lek (FOREX:GBPALL)
Weak Downtrend (-65) - GBPALL is showing signs of a strengthening downtrend. Monitor GBPALL as it may be building momentum to the downside.
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 UP since Jan 25th, 2021 at 139.27123
The intermediate-term trend has been DOWN since Apr 12th, 2021 at 143.43976
The short-term trend has been DOWN since Apr 6th, 2021 at 144.57237
Smart Scan Analysis for GBPALL
Based on our trend formula, GBPALL is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).