Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
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 Jan 20th, 2020 at 19.5055
The intermediate-term trend has been DOWN since Apr 20th, 2020 at 19.2882
The short-term trend has been UP since May 20th, 2020 at 19.4216
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).