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.
MarketClub’s Trade Triangles for XAGUSDO
The long term trend has been DOWN since Jan 30th, 2020 at 16.5315
The intermediate term trend has been DOWN since Jan 21st, 2020 at 17.6050
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).