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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

US Dollar/Moldovan Leu (FOREX:USDMDL)

Bear Market Rally (-75) - USDMDL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDMDL as it may be in the beginning 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.

FOREX_USDMDL
Open High Low USDMDL Price Change
17.684367 17.740014 17.684367 17.740014 +0.055647
Entry Signal

MarketClub’s Trade Triangles for USDMDL

long term down The long-term trend has been DOWN since Jul 19th, 2023 at 17.699369

intermediate term down The intermediate-term trend has been DOWN since Mar 3rd, 2024 at 17.775180

short term up The short-term trend has been UP since Mar 17th, 2024 at 17.693566

Smart Scan Analysis for USDMDL

Based on our trend formula, USDMDL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for USDMDL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.684367 17.740014 17.684367 17.740014 +0.055647
Prev. Close Volume Bid Ask Time
17.684367 2024-03-18 22:07:04
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