Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Albanian Lek/Euro (FOREX:ALLEUR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ALLEUR
The long term trend has been UP since Jan 2nd, 2020 at 0.00822784
The intermediate term trend has been UP since Nov 6th, 2019 at 0.00812500
The short term trend has been DOWN since Jan 6th, 2020 at 0.00820488
Smart Scan Analysis for ALLEUR
Based on a pre-defined weighted trend formula for chart analysis, ALLEUR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).