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Forex Trend Analysis Report
Prepared for you on Sunday, May 16, 2021.
Moldovan Leu/Euro (FOREX:MDLEUR)
Sidelines Mode (-55) - MDLEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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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 Mar 23rd, 2021 at 0.04692
The short-term trend has been UP since May 12th, 2021 at 0.04680
Smart Scan Analysis for MDLEUR
Based on our trend formula, MDLEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04684 | 0.04684 | 0.04632 | 0.04661 | -0.00023 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04684 | 2021-05-14 17:13:36 |