Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Silver Spot (FOREX:XAGUSDO)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 DOWN since May 1st, 2018 at 16.1310
The intermediate term trend has been UP since Sep 28th, 2018 at 14.5495
The short term trend has been DOWN since Oct 23rd, 2018 at 14.5250
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).