Future Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
USD-DENOMINATED IBOVESPA Feb 2020 (CME:IBV.G20)
Crossroads (-60) - IBV.G20 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid IBV.G20?
MarketClub looks at technical strength and momentum to determine if the timing is right for IBV.G20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IBV.G20
The long-term trend has been UP since Dec 16th, 2019 at 106710
The intermediate-term trend has been DOWN since Jan 27th, 2020 at 116000
The short-term trend has been DOWN since Feb 7th, 2020 at 115035
Smart Scan Analysis for IBV.G20
Based on our trend formula, IBV.G20 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).