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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Euro/Moldovan Leu (FOREX:EURMDL)

Strong Downtrend (-100) - EURMDL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURMDL continues to fall. Traders should use caution and set stops.

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.

FOREX_EURMDL
Open High Low EURMDL Price Change
18.792 18.792 18.792 18.792 0.000
Entry Signal

MarketClub’s Trade Triangles for EURMDL

long term down The long-term trend has been DOWN since Oct 3rd, 2023 at 19.191

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 19.225

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 19.123

Smart Scan Analysis for EURMDL

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

-100
Smart Scan Analysis for EURMDL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.792 18.792 18.792 18.792 0.000
Prev. Close Volume Bid Ask Time
18.790 2024-04-13 18:02:06
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