Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Moldovan Leu/Euro (FOREX:MDLEUR)
Bear Market Rally (-75) - MDLEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MDLEUR as it may be in the beginning of a reversal.
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 Mar 6th, 2020 at 0.050810
The intermediate-term trend has been UP since Apr 17th, 2020 at 0.052135
The short-term trend has been DOWN since May 26th, 2020 at 0.051400
Smart Scan Analysis for MDLEUR
Based on our trend formula, MDLEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).