Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Sunday, December 8, 2019.
Silver Spot (FOREX:XAGUSDO)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
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MarketClub’s Trade Triangles for XAGUSDO
The long term trend has been DOWN since Dec 6th, 2019 at 16.61500
The intermediate term trend has been DOWN since Nov 7th, 2019 at 17.22650
The short term trend has been DOWN since Dec 4th, 2019 at 16.82875
Smart Scan Analysis for XAGUSDO
Based on a pre-defined weighted trend formula for chart analysis, XAGUSDO scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 16.581 | 16.581 | 16.581 | 16.581 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 16.581 | 16.573 | 16.589 | 2019-12-07 19:59:53 |