Index Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
BNY MELLON EASTERN EUROPE X - RUSSIA GDR (CME:BKGEEX)
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 BKGEEX
The long term trend has been UP since Jan 17th, 2017 at 662.94
The intermediate term trend has been DOWN since Oct 4th, 2017 at 821.20
The short term trend has been DOWN since Oct 18th, 2017 at 819.23
Smart Scan Analysis for BKGEEX
Based on a pre-defined weighted trend formula for chart analysis, BKGEEX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||851.42||52wk High Date||2017-08-29|
|52wk Low||600.34||52wk Low Date||2016-12-29|