Future Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
SILVER Jan 2020 (NYMEX:SI.F20)
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.F20
The long term trend has been UP since Jul 2nd, 2019 at 15.480
The intermediate term trend has been DOWN since Sep 27th, 2019 at 17.600
The short term trend has been DOWN since Oct 10th, 2019 at 17.555
Smart Scan Analysis for SI.F20
Based on a pre-defined weighted trend formula for chart analysis, SI.F20 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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