Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
Moldovan Leu/British Pound (FOREX:MDLGBP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MDLGBP
The long term trend has been DOWN since Jan 31st, 2019 at 0.044618
The intermediate term trend has been UP since Feb 12th, 2019 at 0.045314
The short term trend has been UP since Feb 5th, 2019 at 0.044852
Smart Scan Analysis for MDLGBP
Based on a pre-defined weighted trend formula for chart analysis, MDLGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).