Index Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
INVESCO EMERGING MARKETS DEBT DEFENSIVE (PACF:IEMD.IV)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 IEMD.IV
The long term trend has been DOWN since Jul 23rd, 2018 at 24.9498
The intermediate term trend has been DOWN since Sep 25th, 2018 at 24.8275
The short term trend has been UP since Oct 10th, 2018 at 24.8227
Smart Scan Analysis for IEMD.IV
Based on a pre-defined weighted trend formula for chart analysis, IEMD.IV scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).