Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
US Dollar/Albanian Lek (FOREX:USDALL)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
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 UP since Aug 30th, 2019 at 110.63
The intermediate term trend has been UP since Aug 28th, 2019 at 109.55
The short term trend has been DOWN since Sep 12th, 2019 at 110.05
Smart Scan Analysis for USDALL
Based on a pre-defined weighted trend formula for chart analysis, USDALL scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).