Index Trend Analysis Report
Prepared for you on Tuesday, September 18, 2018.
INVESCO CHINESE YUAN DIM SUM BOND IV (PACF:DSUM.IV)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DSUM.IV
The long term trend has been DOWN since May 2nd, 2018 at 24.0418
The intermediate term trend has been DOWN since Apr 25th, 2018 at 24.2466
The short term trend has been DOWN since Sep 13th, 2018 at 22.1166
Smart Scan Analysis for DSUM.IV
Based on a pre-defined weighted trend formula for chart analysis, DSUM.IV scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||24.4978||52wk High Date||2018-04-19|
|52wk Low||21.8932||52wk Low Date||2018-09-17|