Forex Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
Moldovan Leu/US Dollar (FOREX:MDLUSD)
Sidelines Mode (-55) - MDLUSD 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 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 DOWN since Dec 2nd, 2021 at 0.056330
The intermediate-term trend has been DOWN since Aug 7th, 2022 at 0.051745
The short-term trend has been UP since Aug 10th, 2022 at 0.051890
Smart Scan Analysis for MDLUSD
Based on our trend formula, MDLUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).