Index Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
NASDAQ Composite Monthly Currency Hedged CAD (NASDAQ:COMPCADMH)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 COMPCADMH
The long term trend has been UP since Jul 10th, 2019 at 1254.37
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 1231.62
The short term trend has been DOWN since Aug 14th, 2019 at 1195.54
Smart Scan Analysis for COMPCADMH
Based on a pre-defined weighted trend formula for chart analysis, COMPCADMH scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).