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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

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.

FOREX_XAGUSDO
Open High Low XAGUSDO Price Change
17.8675 17.8935 17.8550 17.8715 +0.0040
Entry Signal

MarketClub’s Trade Triangles for XAGUSDO

long term down The long term trend has been DOWN since Jan 30th, 2020 at 16.5315

intermediate term down The intermediate term trend has been DOWN since Jan 21st, 2020 at 17.6050

short term up The short term trend has been UP since Feb 16th, 2020 at 17.8100

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).

-55
Smart Scan Analysis for XAGUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.8675 17.8935 17.8550 17.8715 +0.0040
Prev. Close Volume Bid Ask Time
17.8675 17.8515 17.8915 2020-02-17 02:11:56
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