Index Trend Analysis Report
Prepared for you on Friday, February 28, 2020.
Morningstar Belgium Index PR USD (CME:MSBEUSDP)
Long-Term Downtrend (-90) - MSBEUSDP is in a strong downtrend that is likely to continue. While MSBEUSDP 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 MSBEUSDP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MSBEUSDP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MSBEUSDP
The long-term trend has been DOWN since Feb 24th, 2020 at 1126.40
The intermediate-term trend has been DOWN since Jan 14th, 2020 at 1166.04
The short-term trend has been DOWN since Feb 10th, 2020 at 1152.63
Smart Scan Analysis for MSBEUSDP
Based on our trend formula, MSBEUSDP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).