Future Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
SILVER Dec 2019 (NYMEX:SI.Z19)
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 SI.Z19
The long term trend has been UP since Jul 16th, 2019 at 15.720
The intermediate term trend has been DOWN since Sep 27th, 2019 at 17.470
The short term trend has been DOWN since Oct 11th, 2019 at 17.435
Smart Scan Analysis for SI.Z19
Based on a pre-defined weighted trend formula for chart analysis, SI.Z19 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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