Index Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
N Industrial Goods & Services EUR PI (NASDAQ:N2700EURPI)
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 N2700EURPI
The long term trend has been UP since Oct 28th, 2019 at 1651.01
The intermediate term trend has been UP since Oct 21st, 2019 at 1579.20
The short term trend has been DOWN since Dec 2nd, 2019 at 1730.29
Smart Scan Analysis for N2700EURPI
Based on a pre-defined weighted trend formula for chart analysis, N2700EURPI scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).