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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.

FOREX_GBPMDL
Open High Low GBPMDL Price Change
21.988691 21.988691 21.988691 21.988691 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMDL

long term down The long-term trend has been DOWN since Oct 3rd, 2023 at 22.253503

intermediate term down The intermediate-term trend has been DOWN since Aug 3rd, 2023 at 22.352058

short term down 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).

-100
Smart Scan Analysis for GBPMDL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.988691 21.988691 21.988691 21.988691 0.000000
Prev. Close Volume Bid Ask Time
21.988691 2023-10-03 07:28:19
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