Index Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
BNY MELLON CHINA XIA Y? DAI ADR INDEX (CME:BKXYD)
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 BKXYD
The long term trend has been UP since Feb 10th, 2017 at 2632.35
The intermediate term trend has been DOWN since Jun 25th, 2018 at 4486.18
The short term trend has been DOWN since Jul 11th, 2018 at 4196.92
Smart Scan Analysis for BKXYD
Based on a pre-defined weighted trend formula for chart analysis, BKXYD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4763.92||52wk High Date||2018-06-12|
|52wk Low||3365.86||52wk Low Date||2017-07-18|