priceprophet

SILVER Month End Evaluation

TVC:SILVER   CFDs on Silver (US$ / OZ)
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Monthly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions

Price Action:
Monthly: The average price range currently is 2.09 points/ticks/pips. Prices are currently 3.54x the normal trading range. A return to average or stall should be anticipated.
Prices have broken through the high value of the consolidaiton range.

Standard Deviation
Monthly: Standard deviation suggests a range from 22.56 to 26.118 for the following month.

Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Monthly: Trend strength suggests a trade range of 24.34 to 27.23 for the following month.

Price Projection:
The price action has generated a projection signal for the underlying.
Monthly: Price currently displays (if strength and attitude continue) a desire to move first toward 22.92 before moving toward 30.05
If strength and attitude continue, it could take between 3 - 6 trade periods (months) for the first projection and 6 - 12 to reach the second projection.

Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Monthly: Out of the cumulative indicators monitored, 100.00% are bullish, 0.00% are bearish, 0.00% are neutral

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