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Forex Trend Analysis Report

Prepared for you on Thursday, December 1, 2022.

Moldovan Leu/Euro (FOREX:MDLEUR)

Strong Downtrend (-100) - MDLEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MDLEUR continues to fall. Traders should use caution and set stops.

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

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

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FOREX_MDLEUR
Open High Low MDLEUR Price Change
0.049495 0.049500 0.048610 0.048660 -0.000835
Entry Signal

MarketClub’s Trade Triangles for MDLEUR

long term down The long-term trend has been DOWN since Nov 15th, 2022 at 0.050200

intermediate term down The intermediate-term trend has been DOWN since Oct 26th, 2022 at 0.051445

short term down The short-term trend has been DOWN since Nov 23rd, 2022 at 0.050185

Smart Scan Analysis for MDLEUR

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

-100
Smart Scan Analysis for MDLEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.049495 0.049500 0.048610 0.048660 -0.000835
Prev. Close Volume Bid Ask Time
0.049495 2022-12-01 15:38:45
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