Index Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
POWERSHARES CHINESE YUAN DIM SUM BOND IV (PACF:DSUM.IV)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 DSUM.IV
The long term trend has been UP since May 26th, 2017 at 22.3022
The intermediate term trend has been DOWN since Sep 25th, 2017 at 23.2953
The short term trend has been DOWN since Oct 13th, 2017 at 23.3582
Smart Scan Analysis for DSUM.IV
Based on a pre-defined weighted trend formula for chart analysis, DSUM.IV scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||23.7579||52wk High Date||2017-09-08|
|52wk Low||21.8293||52wk Low Date||2016-12-30|