Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
US Dollar/Albanian Lek (FOREX:USDALL)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 DOWN since Dec 20th, 2018 at 107.280
The intermediate term trend has been DOWN since Mar 20th, 2019 at 109.685
The short term trend has been UP since Mar 20th, 2019 at 110.400
Smart Scan Analysis for USDALL
Based on a pre-defined weighted trend formula for chart analysis, USDALL scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).