Forex Trend Analysis Report
Prepared for you on Wednesday, September 27, 2023.
Euro/Moldovan Leu (FOREX:EURMDL)
Sidelines Mode (-55) - EURMDL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jul 4th, 2023 at 19.921
The intermediate-term trend has been DOWN since Sep 7th, 2023 at 19.251
The short-term trend has been UP since Sep 11th, 2023 at 19.286
Smart Scan Analysis for EURMDL
Based on our trend formula, EURMDL is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).