Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
Silver Spot (FOREX:XAGUSDO)
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 XAGUSDO
The long term trend has been UP since Jan 24th, 2018 at 17.4590
The intermediate term trend has been UP since Apr 11th, 2018 at 16.7930
The short term trend has been DOWN since Apr 23rd, 2018 at 17.0465
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).