Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
NASDAQ EURO 50 INDEX (NASDAQ:NQEURO50)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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.
MarketClub’s Trade Triangles for NQEURO50
The long term trend has been DOWN since Jan 2nd, 2018 at 883.91
The intermediate term trend has been DOWN since Oct 8th, 2018 at 841.77
The short term trend has been UP since Nov 26th, 2018 at 796.81
Smart Scan Analysis for NQEURO50
Based on a pre-defined weighted trend formula for chart analysis, NQEURO50 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||933.39||52wk High Date||2018-01-23|
|52wk Low||776.32||52wk Low Date||2018-10-26|