Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
US Dollar/Albanian Lek (FOREX:USDALL)
Long-Term Downtrend (-90) - USDALL is in a strong downtrend that is likely to continue. While USDALL 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 USDALL?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDALL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDALL
The long-term trend has been DOWN since Jul 13th, 2020 at 109.27116
The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 101.78494
The short-term trend has been DOWN since Feb 19th, 2021 at 102.20000
Smart Scan Analysis for USDALL
Based on our trend formula, USDALL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).