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Forex Trend Analysis Report

Prepared for you on Monday, October 22, 2018.

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.

FOREX_XAGUSDO
Open High Low XAGUSDO Price Change
14.65650 14.68980 14.52500 14.56935 -0.08715
Entry Signal

MarketClub’s Trade Triangles for XAGUSDO

long term down The long term trend has been DOWN since May 1st, 2018 at 16.1310

intermediate term up The intermediate term trend has been UP since Sep 28th, 2018 at 14.5495

short term down The short term trend has been DOWN since Oct 18th, 2018 at 14.5920

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).

-75
Smart Scan Analysis for XAGUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.65650 14.68980 14.52500 14.56935 -0.08715
Prev. Close Volume Bid Ask Time
14.65650 14.54930 14.58940 2018-10-22 19:51:38
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