Future Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
SILVER Sep 2019 (NYMEX:SI.U19)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.U19
The long term trend has been UP since Jul 16th, 2019 at 15.625
The intermediate term trend has been UP since Jun 6th, 2019 at 14.930
The short term trend has been DOWN since Sep 6th, 2019 at 18.585
Smart Scan Analysis for SI.U19
Based on a pre-defined weighted trend formula for chart analysis, SI.U19 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||18:00||Close Time||17:00|