Forex Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
Moldovan Leu/Euro (FOREX:MDLEUR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Oct 6th, 2017 at 0.048730
The intermediate term trend has been UP since Sep 14th, 2017 at 0.047755
The short term trend has been UP since Oct 16th, 2017 at 0.048675
Smart Scan Analysis for MDLEUR
Based on a pre-defined weighted trend formula for chart analysis, MDLEUR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).