Future Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
E-MICRO GOLD Jun 2020 (NYMEX:MGC.M20)
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 MGC.M20
The long term trend has been UP since Jan 2nd, 2020 at 1538.9
The intermediate term trend has been UP since Dec 3rd, 2019 at 1492.5
The short term trend has been DOWN since Jan 23rd, 2020 at 1565.0
Smart Scan Analysis for MGC.M20
Based on a pre-defined weighted trend formula for chart analysis, MGC.M20 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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