Future Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
SILVER Dec 2020 (NYMEX:SI.Z20)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.Z20
The long term trend has been UP since Jan 5th, 2020 at 18.820
The intermediate term trend has been DOWN since Jan 23rd, 2020 at 18.055
The short term trend has been DOWN since Jan 21st, 2020 at 18.290
Smart Scan Analysis for SI.Z20
Based on a pre-defined weighted trend formula for chart analysis, SI.Z20 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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