Forex Trend Analysis Report
Prepared for you on Monday, November 20, 2017.
Silver Spot (FOREX:XAGUSDO)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Sep 1st, 2017 at 17.7370
The intermediate term trend has been UP since Oct 15th, 2017 at 17.4165
The short term trend has been DOWN since Nov 20th, 2017 at 16.9710
Smart Scan Analysis for XAGUSDO
Based on a pre-defined weighted trend formula for chart analysis, XAGUSDO scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).