Forex Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
Silver Spot (FOREX:XAGUSDO)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 UP since Jul 16th, 2019 at 15.5480
The intermediate term trend has been DOWN since Nov 7th, 2019 at 17.2265
The short term trend has been UP since Nov 13th, 2019 at 16.9405
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).