Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
VELOCITYSHARES DAILY 4X LONG AUD VS USD (PACF:UAUD.IV)
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 UAUD.IV
The long term trend has been DOWN since Apr 2nd, 2018 at 25.8159
The intermediate term trend has been UP since Nov 1st, 2018 at 19.1931
The short term trend has been UP since Nov 15th, 2018 at 20.2361
Smart Scan Analysis for UAUD.IV
Based on a pre-defined weighted trend formula for chart analysis, UAUD.IV scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||33.1895||52wk High Date||2018-01-26|
|52wk Low||18.0439||52wk Low Date||2018-10-26|