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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Euro/Moldovan Leu (FOREX:EURMDL)

Long-Term Downtrend (-90) - EURMDL is in a strong downtrend that is likely to continue. While EURMDL is showing intraday strength, it remains in the confines of a bearish trend. 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
20.0433 20.0433 20.0433 20.0433 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMDL

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 21.2056

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2021 at 21.3968

short term down The short-term trend has been DOWN since Sep 27th, 2021 at 20.7487

Smart Scan Analysis for EURMDL

Based on our trend formula, EURMDL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURMDL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.0433 20.0433 20.0433 20.0433 0.0000
Prev. Close Volume Bid Ask Time
20.0524 2021-10-12 21:08:36
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