Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
Moldovan Leu/Euro (FOREX:MDLEUR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 MDLEUR
The long term trend has been UP since Apr 3rd, 2018 at 0.049450
The intermediate term trend has been DOWN since Aug 27th, 2018 at 0.051260
The short term trend has been DOWN since Sep 11th, 2018 at 0.051225
Smart Scan Analysis for MDLEUR
Based on a pre-defined weighted trend formula for chart analysis, MDLEUR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).