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.
MarketClub’s Trade Triangles for XAGUSDO
The long term trend has been UP since Dec 26th, 2018 at 14.9130
The intermediate term trend has been UP since Dec 3rd, 2018 at 14.5515
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).