Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Moldovan Leu/British Pound (FOREX:MDLGBP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MDLGBP
The long term trend has been DOWN since Nov 17th, 2019 at 0.04420825
The intermediate term trend has been DOWN since Jan 20th, 2020 at 0.04382941
The short term trend has been DOWN since Jan 20th, 2020 at 0.04403781
Smart Scan Analysis for MDLGBP
Based on a pre-defined weighted trend formula for chart analysis, MDLGBP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).