Forex Trend Analysis Report
Prepared for you on Wednesday, December 1, 2021.
Albanian Lek/British Pound (FOREX:ALLGBP)
Sidelines Mode (+50) - ALLGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ALLGBP can gain momentum.
Is it time to buy, sell, or avoid ALLGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALLGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ALLGBP
The long-term trend has been DOWN since Oct 20th, 2021 at 0.00697905
The intermediate-term trend has been UP since Nov 8th, 2021 at 0.00695513
The short-term trend has been UP since Nov 29th, 2021 at 0.00697189
Smart Scan Analysis for ALLGBP
Based on our trend formula, ALLGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).