Index Trend Analysis Report
Prepared for you on Saturday, May 26, 2018.
NYSE ARCA GOLD MINERS INDEX AUD PR (PACF:GDMAUD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 GDMAUD
The long term trend has been DOWN since Feb 6th, 2018 at 585.2948
The intermediate term trend has been DOWN since May 16th, 2018 at 614.8515
The short term trend has been UP since May 24th, 2018 at 621.2300
Smart Scan Analysis for GDMAUD
Based on a pre-defined weighted trend formula for chart analysis, GDMAUD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||702.31||52wk High Date||2017-09-11|
|52wk Low||561.9329||52wk Low Date||2018-02-09|