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Index Trend Analysis Report

Prepared for you on Tuesday, October 16, 2018.

NASDAQ AUSTRALIA UTIL INDEX (NASDAQ:NQAU7000)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

NASDAQ_NQAU7000
Open High Low NQAU7000 Price Change
769.67 778.58 768.12 777.60 +6.08
Entry Signal

MarketClub’s Trade Triangles for NQAU7000

long term down The long term trend has been DOWN since Jul 11th, 2018 at 908.55

intermediate term down The intermediate term trend has been DOWN since Oct 10th, 2018 at 790.08

short term up The short term trend has been UP since Oct 16th, 2018 at 775.72

Smart Scan Analysis for NQAU7000

Based on a pre-defined weighted trend formula for chart analysis, NQAU7000 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for NQAU7000
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
769.67 778.58 768.12 777.60 +6.08
Prev. Close Volume Bid Ask Time
771.52 0 2018-10-16 11:44:00
52wk High1049.5452wk High Date2018-01-09
52wk Low760.0252wk Low Date2018-10-15
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