Index Trend Analysis Report
Prepared for you on Tuesday, September 18, 2018.
DJ NEW ZEALAND STOCK INDEX (USD) (INDEX:NZDOWD)
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 NZDOWD
The long term trend has been DOWN since Aug 12th, 2018 at 332.00
The intermediate term trend has been DOWN since Sep 9th, 2018 at 333.96
The short term trend has been UP since Sep 11th, 2018 at 334.22
Smart Scan Analysis for NZDOWD
Based on a pre-defined weighted trend formula for chart analysis, NZDOWD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||356.46||52wk High Date||2018-06-13|
|52wk Low||310.25||52wk Low Date||2017-11-17|