Index Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
NASDAQ AUSTRALIA INDUSTRIES INDEX (NASDAQ:NQAU2000)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 NQAU2000
The long term trend has been DOWN since Feb 5th, 2018 at 1200.83
The intermediate term trend has been DOWN since May 17th, 2018 at 1152.05
The short term trend has been UP since Jul 13th, 2018 at 1155.88
Smart Scan Analysis for NQAU2000
Based on a pre-defined weighted trend formula for chart analysis, NQAU2000 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1274.12||52wk High Date||2018-01-29|
|52wk Low||1133.34||52wk Low Date||2018-07-02|