Index Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Dorsey Wright US Sector Focus Five CAD TR Index (NASDAQ:DWAUSDFFCADT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 DWAUSDFFCADT
The long term trend has been UP since Nov 4th, 2019 at 1287.85
The intermediate term trend has been UP since Oct 28th, 2019 at 1264.31
The short term trend has been DOWN since Jan 27th, 2020 at 1371.85
Smart Scan Analysis for DWAUSDFFCADT
Based on a pre-defined weighted trend formula for chart analysis, DWAUSDFFCADT scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1287.88||52wk High Date||2018-09-14|
|52wk Low||1093.28||52wk Low Date||2018-02-09|