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.
MarketClub’s Trade Triangles for GBPMDL
The long-term trend has been DOWN since Mar 8th, 2023 at 22.347193
The intermediate-term trend has been DOWN since May 17th, 2023 at 22.271381
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).