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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.

FOREX_EURMDL
Open High Low EURMDL Price Change
19.2937 19.2937 19.2937 19.2937 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMDL

long term up The long-term trend has been UP since Jan 20th, 2020 at 19.5055

intermediate term down The intermediate-term trend has been DOWN since Apr 20th, 2020 at 19.2882

short term up 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).

-55
Smart Scan Analysis for EURMDL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.2937 19.2937 19.2937 19.2937 0.0000
Prev. Close Volume Bid Ask Time
19.4506 18.9937 19.5937 2020-05-25 21:04:37
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