Index Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
Morningstar Peru Index PR USD (CME:MSPEUSDP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
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 MSPEUSDP
The long term trend has been DOWN since May 8th, 2019 at 4872.65
The intermediate term trend has been UP since Oct 18th, 2019 at 4510.18
The short term trend has been UP since Oct 11th, 2019 at 4412.15
Smart Scan Analysis for MSPEUSDP
Based on a pre-defined weighted trend formula for chart analysis, MSPEUSDP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).