Future Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
SILVER Dec 2019 (NYMEX:SI.Z19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.Z19
The long term trend has been DOWN since Apr 2nd, 2019 at 15.300
The intermediate term trend has been DOWN since Mar 1st, 2019 at 15.865
The short term trend has been UP since Apr 18th, 2019 at 15.270
Smart Scan Analysis for SI.Z19
Based on a pre-defined weighted trend formula for chart analysis, SI.Z19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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