Forex Trend Analysis Report
Prepared for you on Thursday, July 20, 2017.
Silver Spot (FOREX:XAGUSDO)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 XAGUSDO
The long term trend has been DOWN since May 1st, 2017 at 16.835
The intermediate term trend has been DOWN since Jun 12th, 2017 at 16.855
The short term trend has been UP since Jul 11th, 2017 at 15.949
Smart Scan Analysis for XAGUSDO
Based on a pre-defined weighted trend formula for chart analysis, XAGUSDO scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).