Forex Trend Analysis Report
Prepared for you on Sunday, December 17, 2017.
Silver Spot (FOREX:XAGUSDO)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 Dec 1st, 2017 at 16.3250
The intermediate term trend has been DOWN since Nov 29th, 2017 at 16.8035
The short term trend has been UP since Dec 13th, 2017 at 15.8875
Smart Scan Analysis for XAGUSDO
Based on a pre-defined weighted trend formula for chart analysis, XAGUSDO scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).