Future Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
USD-DENOMINATED IBOVESPA Aug 2020 (CME:IBV.Q20)
Weak Uptrend (+65) - IBV.Q20 is showing signs of weakening momentum to the upside. Monitor IBV.Q20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid IBV.Q20?
MarketClub looks at technical strength and momentum to determine if the timing is right for IBV.Q20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IBV.Q20
The long-term trend has been UP since Jun 18th, 2020 at 94750
The intermediate-term trend has been DOWN since Aug 4th, 2020 at 100705
The short-term trend has been UP since Aug 6th, 2020 at 103900
Smart Scan Analysis for IBV.Q20
Based on our trend formula, IBV.Q20 is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).