Index Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
Morningstar Hungary Index PR USD (CME:MSHUUSDP)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 MSHUUSDP
The long term trend has been UP since Oct 23rd, 2019 at 2835.85
The intermediate term trend has been UP since Oct 14th, 2019 at 2687.27
The short term trend has been UP since Dec 2nd, 2019 at 2905.60
Smart Scan Analysis for MSHUUSDP
Based on a pre-defined weighted trend formula for chart analysis, MSHUUSDP scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).