Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
Albanian Lek/British Pound (FOREX:ALLGBP)
Bear Market Rally (-75) - ALLGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ALLGBP as it may be in the beginning of a reversal.
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 13th, 2019 at 0.00727000
The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 0.00693848
The short-term trend has been UP since Feb 20th, 2020 at 0.00680367
Smart Scan Analysis for ALLGBP
Based on our trend formula, ALLGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).