Index Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
NASDAQ AUSTRALIA BASIC MATLS INDEX (NASDAQ:NQAU1000)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 NQAU1000
The long term trend has been UP since Jul 12th, 2017 at 622.87
The intermediate term trend has been UP since Jul 8th, 2018 at 766.86
The short term trend has been DOWN since Jul 11th, 2018 at 756.87
Smart Scan Analysis for NQAU1000
Based on a pre-defined weighted trend formula for chart analysis, NQAU1000 scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||803.13||52wk High Date||2018-06-07|
|52wk Low||618.75||52wk Low Date||2017-07-21|