Index Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
POWERSHARES DB G10 CURRENCY HARVEST IIV (PACF:FBV)
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 FBV
The long term trend has been DOWN since Mar 27th, 2017 at 24.82
The intermediate term trend has been DOWN since Oct 6th, 2017 at 23.82
The short term trend has been DOWN since Nov 24th, 2017 at 23.51
Smart Scan Analysis for FBV
Based on a pre-defined weighted trend formula for chart analysis, FBV scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||26.05||52wk High Date||2017-02-23|
|52wk Low||23.45||52wk Low Date||2017-10-25|