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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

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
22.035352 22.035352 22.035352 22.035352 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMDL

long term down The long-term trend has been DOWN since Apr 22nd, 2024 at 22.084942

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 22.451637

short term down The short-term trend has been DOWN since Apr 16th, 2024 at 22.316755

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
22.035352 22.035352 22.035352 22.035352 0.000000
Prev. Close Volume Bid Ask Time
22.002199 2024-04-22 21:00:58
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