Future Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
SILVER 1000 OZ Jul 2019 (NYMEX:SIL.N19)
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 SIL.N19
The long term trend has been UP since Dec 26th, 2018 at 15.081
The intermediate term trend has been UP since Jan 30th, 2019 at 15.950
The short term trend has been DOWN since Feb 4th, 2019 at 16.150
Smart Scan Analysis for SIL.N19
Based on a pre-defined weighted trend formula for chart analysis, SIL.N19 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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