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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.

FOREX_GBPMDL
Open High Low GBPMDL Price Change
23.050414 23.050414 23.050414 23.050414 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMDL

long term up The long-term trend has been UP since Oct 13th, 2020 at 22.092379

intermediate term up The intermediate-term trend has been UP since Oct 6th, 2020 at 21.570858

short term up 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).

+80
Smart Scan Analysis for GBPMDL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.050414 23.050414 23.050414 23.050414 0.000000
Prev. Close Volume Bid Ask Time
23.050414 2020-11-23 21:07:05
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