Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Silver Spot (FOREX:XAGUSDO)
Crossroads (-60) - XAGUSDO is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid XAGUSDO?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAGUSDO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAGUSDO
The long-term trend has been UP since Jun 1st, 2020 at 18.1975
The intermediate-term trend has been DOWN since Mar 1st, 2021 at 26.1650
The short-term trend has been DOWN since Feb 25th, 2021 at 27.2935
Smart Scan Analysis for XAGUSDO
Based on our trend formula, XAGUSDO is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).