Forex Trend Analysis Report
Prepared for you on Wednesday, October 4, 2023.
British Pound/Moldovan Leu (FOREX:GBPMDL)
Strong Downtrend (-100) - GBPMDL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPMDL continues to fall. Traders should use caution and set stops.
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 DOWN since Oct 3rd, 2023 at 22.253503
The intermediate-term trend has been DOWN since Aug 3rd, 2023 at 22.352058
The short-term trend has been DOWN since Sep 7th, 2023 at 22.480163
Smart Scan Analysis for GBPMDL
Based on our trend formula, GBPMDL is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).