Index Trend Analysis Report
Prepared for you on Tuesday, April 13, 2021.
NYSE Arca Gold Miners Index (JPY PR) (GIF:GDMJPY)
Sidelines Mode (+55) - GDMJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GDMJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for GDMJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GDMJPY
The long-term trend has been DOWN since Oct 28th, 2020 at 1014.27
The intermediate-term trend has been UP since Mar 14th, 2021 at 948.95
The short-term trend has been DOWN since Apr 12th, 2021 at 976.29
Smart Scan Analysis for GDMJPY
Based on our trend formula, GDMJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).