Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Silver Spot (FOREX:XAGUSDO)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 UP since Dec 26th, 2018 at 14.913
The intermediate term trend has been UP since Jan 29th, 2019 at 15.812
The short term trend has been DOWN since Feb 3rd, 2019 at 15.855
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).