Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Moldovan Leu/British Pound (FOREX:MDLGBP)
Bear Market Rally (-75) - MDLGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MDLGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid MDLGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MDLGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MDLGBP
The long-term trend has been DOWN since Oct 13th, 2020 at 0.04527489
The intermediate-term trend has been DOWN since Feb 4th, 2021 at 0.04196642
The short-term trend has been UP since Feb 26th, 2021 at 0.04095293
Smart Scan Analysis for MDLGBP
Based on our trend formula, MDLGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).