Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Morningstar Hungary Index PR USD (CME:MSHUUSDP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 MSHUUSDP
The long term trend has been DOWN since May 14th, 2019 at 2773.27
The intermediate term trend has been UP since Jul 18th, 2019 at 2782.27
The short term trend has been DOWN since Jul 23rd, 2019 at 2787.72
Smart Scan Analysis for MSHUUSDP
Based on a pre-defined weighted trend formula for chart analysis, MSHUUSDP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).