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Index Trend Analysis Report

Prepared for you on Saturday, July 4, 2020.

BNY Mellon Africa GDR Index (CME:BKGAF)

Long-Term Downtrend (-90) - BKGAF is in a strong downtrend that is likely to continue. While BKGAF 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 BKGAF?

MarketClub looks at technical strength and momentum to determine if the timing is right for BKGAF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_BKGAF
Open High Low BKGAF Price Change
827.12 830.98 823.26 830.98 +3.86
Entry Signal

MarketClub’s Trade Triangles for BKGAF

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 1036.77

intermediate term down The intermediate-term trend has been DOWN since Jun 29th, 2020 at 825.53

short term down The short-term trend has been DOWN since Jun 18th, 2020 at 840.04

Smart Scan Analysis for BKGAF

Based on our trend formula, BKGAF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BKGAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
827.12 830.98 823.26 830.98 +3.86
Prev. Close Volume Bid Ask Time
845.45 0 2020-07-03 09:34:47
52wk High1173.0652wk High Date2018-04-20
52wk Low865.552wk Low Date2018-11-26
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