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Forex Trend Analysis Report

Prepared for you on Wednesday, September 27, 2023.

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
19.351 19.351 19.351 19.351 0.000
Entry Signal

MarketClub’s Trade Triangles for EURMDL

long term up The long-term trend has been UP since Jul 4th, 2023 at 19.921

intermediate term down The intermediate-term trend has been DOWN since Sep 7th, 2023 at 19.251

short term up The short-term trend has been UP since Sep 11th, 2023 at 19.286

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
19.351 19.351 19.351 19.351 0.000
Prev. Close Volume Bid Ask Time
19.248 2023-09-23 13:03:34
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