Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Albanian Lek/British Pound (FOREX:ALLGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 ALLGBP
The long term trend has been DOWN since Feb 19th, 2019 at 0.006993
The intermediate term trend has been DOWN since Jan 7th, 2019 at 0.007277
The short term trend has been UP since Mar 10th, 2019 at 0.006886
Smart Scan Analysis for ALLGBP
Based on a pre-defined weighted trend formula for chart analysis, ALLGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).