Index Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
BRICS NIFTY 50 EMERGING MARKETS TOTAL RETURN (CME:N50EMTR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 N50EMTR
The long term trend has been UP since Jan 16th, 2019 at 1425.94
The intermediate term trend has been DOWN since May 5th, 2019 at 1535.28
The short term trend has been DOWN since May 17th, 2019 at 1474.01
Smart Scan Analysis for N50EMTR
Based on a pre-defined weighted trend formula for chart analysis, N50EMTR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1720.49||52wk High Date||2018-01-29|
|52wk Low||1284.52||52wk Low Date||2018-10-30|