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Forex Trend Analysis Report

Prepared for you on Thursday, January 17, 2019.

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 positive trend to resume. Uptrend 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.

FOREX_XAGUSDO
Open High Low XAGUSDO Price Change
15.5685 15.5825 15.5235 15.5665 -0.0020
Entry Signal

MarketClub’s Trade Triangles for XAGUSDO

long term up The long term trend has been UP since Dec 26th, 2018 at 14.9130

intermediate term up The intermediate term trend has been UP since Dec 3rd, 2018 at 14.5515

short term down The short term trend has been DOWN since Jan 8th, 2019 at 15.5466

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).

+85
Smart Scan Analysis for XAGUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.5685 15.5825 15.5235 15.5665 -0.0020
Prev. Close Volume Bid Ask Time
15.5685 15.5465 15.5865 2019-01-17 06:26:14
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