Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 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 DOWN since Apr 11th, 2021 at 23.7850
The intermediate-term trend has been UP since Oct 13th, 2021 at 23.1325
The short-term trend has been UP since Oct 13th, 2021 at 22.8135
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).