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Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2020.

Silver Spot (FOREX:XAGUSDO)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_XAGUSDO
Open High Low XAGUSDO Price Change
17.7745 17.8145 17.6050 17.7350 -0.0395
Entry Signal

MarketClub’s Trade Triangles for XAGUSDO

long term up The long term trend has been UP since Jan 5th, 2020 at 18.329

intermediate term down The intermediate term trend has been DOWN since Jan 21st, 2020 at 17.605

short term down The short term trend has been DOWN since Jan 21st, 2020 at 17.948

Smart Scan Analysis for XAGUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAGUSDO scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for XAGUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.7745 17.8145 17.6050 17.7350 -0.0395
Prev. Close Volume Bid Ask Time
17.7745 17.7100 17.7600 2020-01-23 08:49:58
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