Future Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
E-MICRO GOLD Oct 2019 (NYMEX:MGC.V19)
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 MGC.V19
The long term trend has been UP since Jun 5th, 2019 at 1340.6
The intermediate term trend has been DOWN since Sep 9th, 2019 at 1497.0
The short term trend has been DOWN since Oct 14th, 2019 at 1494.6
Smart Scan Analysis for MGC.V19
Based on a pre-defined weighted trend formula for chart analysis, MGC.V19 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||18:00||Close Time||17:00|