Index Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
NYSE ARCA GOLD MINERS INDEX AUD PR (PACF:GDMAUD)
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 GDMAUD
The long term trend has been DOWN since Feb 6th, 2018 at 585.2948
The intermediate term trend has been DOWN since Jul 15th, 2018 at 615.6723
The short term trend has been DOWN since Aug 13th, 2018 at 584.1538
Smart Scan Analysis for GDMAUD
Based on a pre-defined weighted trend formula for chart analysis, GDMAUD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||702.31||52wk High Date||2017-09-11|
|52wk Low||519.6887||52wk Low Date||2018-08-17|