Index Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
Morningstar Belgium Index PR USD (CME:MSBEUSDP)
Sidelines Mode (-55) - MSBEUSDP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Nov 26th, 2021 at 1164.47
The intermediate-term trend has been DOWN since Apr 12th, 2022 at 1128.98
The short-term trend has been UP since May 17th, 2022 at 1052.82
Smart Scan Analysis for MSBEUSDP
Based on our trend formula, MSBEUSDP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).