Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
British Pound/Moldovan Leu (FOREX:GBPMDL)
Sidelines Mode (+55) - GBPMDL 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 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 Feb 4th, 2021 at 23.921939
The short-term trend has been DOWN since Feb 26th, 2021 at 24.423191
Smart Scan Analysis for GBPMDL
Based on our trend formula, GBPMDL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).