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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.

FOREX_ALLGBP
Open High Low ALLGBP Price Change
0.00702177 0.00702177 0.00702177 0.00702177 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ALLGBP

long term down The long-term trend has been DOWN since Oct 20th, 2021 at 0.00697905

intermediate term up The intermediate-term trend has been UP since Nov 8th, 2021 at 0.00695513

short term up 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).

+50
Smart Scan Analysis for ALLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00702177 0.00702177 0.00702177 0.00702177 0.00000000
Prev. Close Volume Bid Ask Time
0.00702177 2021-12-01 07:18:00
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