Index Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Dow Jones CME Spot FX$INDEX (INDEX:DJCMED)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 DJCMED
The long term trend has been UP since Nov 1st, 2019 at 122.37
The intermediate term trend has been UP since Oct 16th, 2019 at 121.16
The short term trend has been UP since Nov 14th, 2019 at 121.26
Smart Scan Analysis for DJCMED
Based on a pre-defined weighted trend formula for chart analysis, DJCMED scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||133.71||52wk High Date||2018-02-16|
|52wk Low||121.18||52wk Low Date||2018-11-12|