Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2019.
Euro/Moldovan Leu (FOREX:EURMDL)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURMDL
The long term trend has been UP since Apr 11th, 2019 at 19.7150
The intermediate term trend has been UP since Mar 20th, 2019 at 19.6085
The short term trend has been UP since Apr 4th, 2019 at 19.5040
Smart Scan Analysis for EURMDL
Based on a pre-defined weighted trend formula for chart analysis, EURMDL scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).