Forex Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
Moldovan Leu/Euro (FOREX:MDLEUR)
Countertrend Down (-85) - MDLEUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MDLEUR
The long-term trend has been DOWN since Mar 6th, 2020 at 0.05081
The intermediate-term trend has been DOWN since Jan 21st, 2021 at 0.04709
The short-term trend has been UP since Feb 26th, 2021 at 0.04740
Smart Scan Analysis for MDLEUR
Based on our trend formula, MDLEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).