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.
MarketClub’s Trade Triangles for EURMDL
The long-term trend has been DOWN since Jul 19th, 2021 at 21.2056
The intermediate-term trend has been DOWN since Jun 17th, 2021 at 21.3968
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).