Index Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Morningstar Europe Index PR USD (CME:MSEUUSDP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MSEUUSDP
The long term trend has been UP since Oct 30th, 2019 at 1525.28
The intermediate term trend has been UP since Dec 11th, 2019 at 1555.72
The short term trend has been DOWN since Jan 21st, 2020 at 1610.92
Smart Scan Analysis for MSEUUSDP
Based on a pre-defined weighted trend formula for chart analysis, MSEUUSDP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).