Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Albanian Lek/Euro (FOREX:ALLEUR)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 Feb 7th, 2018 at 0.007490
The intermediate term trend has been DOWN since Jan 7th, 2019 at 0.008096
The short term trend has been DOWN since Feb 15th, 2019 at 0.008045
Smart Scan Analysis for ALLEUR
Based on a pre-defined weighted trend formula for chart analysis, ALLEUR scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).