Forex Trend Analysis Report
Prepared for you on Sunday, March 24, 2019.
Albanian Lek/US Dollar (FOREX:ALLUSD)
Smart Scan Chart Analysis indicates that the upward 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 ALLUSD
The long term trend has been DOWN since May 27th, 2018 at 0.009255
The intermediate term trend has been UP since Mar 20th, 2019 at 0.009121
The short term trend has been UP since Mar 20th, 2019 at 0.009073
Smart Scan Analysis for ALLUSD
Based on a pre-defined weighted trend formula for chart analysis, ALLUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).