Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
British Pound/Moldovan Leu (FOREX:GBPMDL)
Sidelines Mode (+50) - GBPMDL is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPMDL can gain momentum.
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 4th, 2020 at 22.371339
The intermediate-term trend has been UP since Apr 1st, 2020 at 21.499281
The short-term trend has been UP since Apr 1st, 2020 at 21.135778
Smart Scan Analysis for GBPMDL
Based on our trend formula, GBPMDL is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).