Index Trend Analysis Report
Prepared for you on Wednesday, August 5, 2020.
iPath Optimized Currency Carry ETN (GIF:ICITF)
Long-Term Downtrend (-90) - ICITF is in a strong downtrend that is likely to continue. While ICITF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ICITF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ICITF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ICITF
The long-term trend has been DOWN since Mar 2nd, 2020 at 40.184
The intermediate-term trend has been DOWN since Jul 22nd, 2020 at 38.261
The short-term trend has been DOWN since Aug 5th, 2020 at 37.407
Smart Scan Analysis for ICITF
Based on our trend formula, ICITF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).