Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
Silver Spot (FOREX:XAGUSDO)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.
MarketClub’s Trade Triangles for XAGUSDO
The long term trend has been DOWN since Apr 15th, 2019 at 14.9050
The intermediate term trend has been DOWN since Mar 1st, 2019 at 15.4450
The short term trend has been DOWN since May 16th, 2019 at 14.6285
Smart Scan Analysis for XAGUSDO
Based on a pre-defined weighted trend formula for chart analysis, XAGUSDO scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).