Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Moldovan Leu/Euro (FOREX:MDLEUR)
Sidelines Mode (+55) - MDLEUR 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 MDLEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MDLEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MDLEUR
The long-term trend has been DOWN since Jul 3rd, 2023 at 0.049900
The intermediate-term trend has been UP since Jul 19th, 2023 at 0.051080
The short-term trend has been DOWN since Sep 29th, 2023 at 0.051895
Smart Scan Analysis for MDLEUR
Based on our trend formula, MDLEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).