Index Trend Analysis Report
Prepared for you on Sunday, June 24, 2018.
NASDAQ AUSTRALIA INDEX (NASDAQ:NQAU)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 NQAU
The long term trend has been DOWN since Mar 22nd, 2018 at 920.33
The intermediate term trend has been UP since Jun 6th, 2018 at 947.70
The short term trend has been UP since Jun 20th, 2018 at 929.76
Smart Scan Analysis for NQAU
Based on a pre-defined weighted trend formula for chart analysis, NQAU scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1010.31||52wk High Date||2018-01-29|
|52wk Low||885.37||52wk Low Date||2017-06-27|