Future Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
SILVER May 2019 (NYMEX:SI.K19)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.K19
The long term trend has been UP since Dec 26th, 2018 at 15.095
The intermediate term trend has been DOWN since Feb 28th, 2019 at 15.625
The short term trend has been UP since Mar 18th, 2019 at 15.390
Smart Scan Analysis for SI.K19
Based on a pre-defined weighted trend formula for chart analysis, SI.K19 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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