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Forex Trend Analysis Report

Prepared for you on Thursday, December 7, 2023.

US Dollar/Moldovan Leu (FOREX:USDMDL)

Long-Term Downtrend (-90) - USDMDL is in a strong downtrend that is likely to continue. While USDMDL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid USDMDL?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDMDL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDMDL
Open High Low USDMDL Price Change
17.729308 17.744542 17.729308 17.738610 +0.009302
Entry Signal

MarketClub’s Trade Triangles for USDMDL

long term down The long-term trend has been DOWN since Jul 19th, 2023 at 17.699369

intermediate term down The intermediate-term trend has been DOWN since Oct 12th, 2023 at 18.191664

short term down The short-term trend has been DOWN since Nov 19th, 2023 at 17.835845

Smart Scan Analysis for USDMDL

Based on our trend formula, USDMDL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDMDL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.729308 17.744542 17.729308 17.738610 +0.009302
Prev. Close Volume Bid Ask Time
17.763965 2023-12-06 21:30:14
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