Forex Trend Analysis Report
Prepared for you on Sunday, April 18, 2021.
Moldovan Leu/US Dollar (FOREX:MDLUSD)
Bear Market Rally (-75) - MDLUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MDLUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid MDLUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MDLUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MDLUSD
The long-term trend has been DOWN since Nov 2nd, 2020 at 0.05861500
The intermediate-term trend has been DOWN since Jan 14th, 2021 at 0.05786574
The short-term trend has been DOWN since Apr 16th, 2021 at 0.05586500
Smart Scan Analysis for MDLUSD
Based on our trend formula, MDLUSD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).