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.
MarketClub’s Trade Triangles for USDMDL
The long-term trend has been DOWN since Jul 19th, 2023 at 17.699369
The intermediate-term trend has been DOWN since Oct 12th, 2023 at 18.191664
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).