Index Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
NASDAQ AUSTRALIA OIL & GAS INDEX (NASDAQ:NQAU0001)
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 NQAU0001
The long term trend has been UP since Jun 19th, 2018 at 669.27
The intermediate term trend has been DOWN since Jul 17th, 2018 at 664.78
The short term trend has been DOWN since Jul 10th, 2018 at 693.68
Smart Scan Analysis for NQAU0001
Based on a pre-defined weighted trend formula for chart analysis, NQAU0001 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||707.6||52wk High Date||2018-07-10|
|52wk Low||549.74||52wk Low Date||2017-08-15|