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.
MarketClub’s Trade Triangles for XAGUSDO
The long term trend has been UP since Jan 5th, 2020 at 18.329
The intermediate term trend has been DOWN since Jan 21st, 2020 at 17.605
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).