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Index Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

Horizons DAX Germany ETF (GIF:DAX)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

GIF_DAX
Open High Low DAX Price Change
28.500 28.570 28.500 28.550 +0.014
Entry Signal

MarketClub’s Trade Triangles for DAX

long term down The long term trend has been DOWN since at

intermediate term down The intermediate term trend has been DOWN since at

short term down The short term trend has been DOWN since at

Smart Scan Analysis for DAX

Based on a pre-defined weighted trend formula for chart analysis, DAX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for DAX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
28.500 28.570 28.500 28.550 +0.014
Prev. Close Volume Bid Ask Time
28.478 0 2020-01-22 09:24:48
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