Index Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
NYSE ARCA GOLD MINERS INDEX AUD PR (PACF:GDMAUD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 GDMAUD
The long term trend has been DOWN since Feb 6th, 2018 at 585.2948
The intermediate term trend has been UP since Oct 2nd, 2018 at 540.9507
The short term trend has been UP since Oct 11th, 2018 at 549.6184
Smart Scan Analysis for GDMAUD
Based on a pre-defined weighted trend formula for chart analysis, GDMAUD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||688.65||52wk High Date||2018-01-25|
|52wk Low||509.2822||52wk Low Date||2018-09-12|