Index Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
POWERSHARES DB G10 CURRENCY HARVEST IIV (PACF:FBV)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.
MarketClub’s Trade Triangles for FBV
The long term trend has been UP since Nov 12th, 2018 at 24.56
The intermediate term trend has been UP since Oct 1st, 2018 at 24.04
The short term trend has been UP since Nov 23rd, 2018 at 24.44
Smart Scan Analysis for FBV
Based on a pre-defined weighted trend formula for chart analysis, FBV scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||24.64||52wk High Date||2018-11-15|
|52wk Low||23.1||52wk Low Date||2018-02-02|