Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
US Dollar/Albanian Lek (FOREX:USDALL)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 USDALL
The long term trend has been DOWN since Dec 27th, 2019 at 109.33
The intermediate term trend has been UP since Jan 9th, 2020 at 110.10
The short term trend has been DOWN since Jan 13th, 2020 at 109.75
Smart Scan Analysis for USDALL
Based on a pre-defined weighted trend formula for chart analysis, USDALL scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).