Index Trend Analysis Report
Prepared for you on Saturday, September 22, 2018.
BNY MELLON AUSTRALIA CLASSIC ADR INDEX (CME:BKCAU)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 BKCAU
The long term trend has been DOWN since Sep 7th, 2018 at 1698.56
The intermediate term trend has been DOWN since Aug 13th, 2018 at 1766.21
The short term trend has been UP since Sep 12th, 2018 at 1700.52
Smart Scan Analysis for BKCAU
Based on a pre-defined weighted trend formula for chart analysis, BKCAU scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1886.75||52wk High Date||2018-01-29|
|52wk Low||1675.64||52wk Low Date||2018-09-07|