Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
Silver Spot (FOREX:XAGUSDO)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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, 2018 at 16.1310
The intermediate term trend has been DOWN since Nov 12th, 2018 at 14.0550
The short term trend has been UP since Nov 15th, 2018 at 14.2015
Smart Scan Analysis for XAGUSDO
Based on a pre-defined weighted trend formula for chart analysis, XAGUSDO scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).