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Forex Trend Analysis Report

Prepared for you on Friday, June 2, 2023.

British Pound/Moldovan Leu (FOREX:GBPMDL)

Bear Market Rally (-75) - GBPMDL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPMDL as it may be in the beginning of a reversal.

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

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

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

FOREX_GBPMDL
Open High Low GBPMDL Price Change
22.141984 22.141984 22.141984 22.141984 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMDL

long term down The long-term trend has been DOWN since Mar 8th, 2023 at 22.347193

intermediate term down The intermediate-term trend has been DOWN since May 17th, 2023 at 22.271381

short term up The short-term trend has been UP since May 26th, 2023 at 22.072367

Smart Scan Analysis for GBPMDL

Based on our trend formula, GBPMDL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPMDL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.141984 22.141984 22.141984 22.141984 0.000000
Prev. Close Volume Bid Ask Time
22.141984 2023-06-01 07:26:55
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