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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.

FOREX_XAGUSDO
Open High Low XAGUSDO Price Change
14.4290 14.4720 14.3850 14.4525 +0.0235
Entry Signal

MarketClub’s Trade Triangles for XAGUSDO

long term down The long term trend has been DOWN since Apr 15th, 2019 at 14.9050

intermediate term down The intermediate term trend has been DOWN since Mar 1st, 2019 at 15.4450

short term down 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).

-90
Smart Scan Analysis for XAGUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.4290 14.4720 14.3850 14.4525 +0.0235
Prev. Close Volume Bid Ask Time
14.4290 14.4510 14.4540 2019-05-20 13:16:32
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