Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Euro/Moldovan Leu (FOREX:EURMDL)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
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 Feb 4th, 2020 at 19.2688
The short term trend has been UP since Feb 10th, 2020 at 19.2232
Smart Scan Analysis for EURMDL
Based on a pre-defined weighted trend formula for chart analysis, EURMDL scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).