Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
British Pound/Moldovan Leu (FOREX:GBPMDL)
Countertrend Up (+85) - GBPMDL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid GBPMDL?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMDL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPMDL
The long-term trend has been UP since Oct 13th, 2020 at 22.092379
The intermediate-term trend has been UP since Oct 6th, 2020 at 21.570858
The short-term trend has been UP since Oct 6th, 2020 at 21.570858
Smart Scan Analysis for GBPMDL
Based on our trend formula, GBPMDL is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).