Forex Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
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 Dec 1st, 2017 at 16.3250
The intermediate term trend has been UP since Dec 26th, 2017 at 16.4510
The short term trend has been DOWN since Jan 16th, 2018 at 17.0315
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).