Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
British Pound/Albanian Lek (FOREX:GBPALL)
Countertrend Up (+85) - GBPALL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid GBPALL?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPALL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPALL
The long-term trend has been UP since Jan 25th, 2021 at 139.27123
The intermediate-term trend has been UP since Jan 18th, 2021 at 137.41990
The short-term trend has been DOWN since Mar 5th, 2021 at 142.91992
Smart Scan Analysis for GBPALL
Based on our trend formula, GBPALL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).