Forex Trend Analysis Report
Prepared for you on Friday, May 26, 2017.
Silver Spot (FOREX:XAGUSDO)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 XAGUSDO
The long term trend has been DOWN since May 1st, 2017 at 16.8350
The intermediate term trend has been UP since May 23rd, 2017 at 17.2705
The short term trend has been UP since May 21st, 2017 at 17.0240
Smart Scan Analysis for XAGUSDO
Based on a pre-defined weighted trend formula for chart analysis, XAGUSDO scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).