Forex Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
Moldovan Leu/US Dollar (FOREX:MDLUSD)
Long-Term Uptrend (+90) - MDLUSD is in a strong uptrend that is likely to continue. While MDLUSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MDLUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MDLUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MDLUSD
The long-term trend has been UP since Jul 19th, 2023 at 0.05665
The intermediate-term trend has been UP since Nov 6th, 2023 at 0.05544
The short-term trend has been UP since Nov 29th, 2023 at 0.05634
Smart Scan Analysis for MDLUSD
Based on our trend formula, MDLUSD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).