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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Moldovan Leu (FOREX:EURMDL)
Strong Downtrend (-100) - EURMDL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURMDL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURMDL?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMDL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURMDL
The long-term trend has been DOWN since Oct 3rd, 2023 at 19.191
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 19.225
The short-term trend has been DOWN since May 9th, 2024 at 19.031
Smart Scan Analysis for EURMDL
Based on our trend formula, EURMDL is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.969 | 18.969 | 18.969 | 18.969 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.969 | 2024-05-09 07:26:26 |