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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Moldovan Leu (FOREX:USDMDL)
Bull Market Weakness (+75) - USDMDL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMDL as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDMDL?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMDL.
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 USDMDL
The long-term trend has been DOWN since Jul 19th, 2023 at 17.699369
The intermediate-term trend has been UP since Apr 10th, 2024 at 17.752156
The short-term trend has been UP since May 3rd, 2024 at 17.690183
Smart Scan Analysis for USDMDL
Based on our trend formula, USDMDL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 17.734063 | 17.740006 | 17.734063 | 17.740006 | +0.005943 |
| Prev. Close | Volume | Bid | Ask | Time |
| 17.734063 | 2024-05-08 21:02:48 |