Mutual Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
MERK HARD CURRENCY FUND - INST SHARES (NASDAQ:MHCIX)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 MHCIX
The long term trend has been UP since May 16th, 2017 at 9.56
The intermediate term trend has been UP since Jun 27th, 2017 at 9.74
The short term trend has been DOWN since Aug 4th, 2017 at 10.21
Smart Scan Analysis for MHCIX
Based on a pre-defined weighted trend formula for chart analysis, MHCIX scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||10.47||52wk High Date||2017-09-08|
|52wk Low||9.13||52wk Low Date||2016-12-19|
|Year End Close||9.24||Payment Date||2014-06-30|