Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Euro/Moldovan Leu (FOREX:EURMDL)
Weak Downtrend (-65) - EURMDL is showing signs of a strengthening downtrend. Monitor EURMDL as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for EURMDL
The long-term trend has been DOWN since May 2nd, 2022 at 20.0033
The intermediate-term trend has been UP since Aug 1st, 2022 at 19.6697
The short-term trend has been DOWN since Jun 29th, 2022 at 20.2424
Smart Scan Analysis for EURMDL
Based on our trend formula, EURMDL is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).