Forex Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
Silver Spot (FOREX:XAGUSDO)
Sidelines Mode (-55) - XAGUSDO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 Mar 3rd, 2020 at 16.00500
The intermediate-term trend has been DOWN since Mar 3rd, 2020 at 16.00500
The short-term trend has been UP since Apr 2nd, 2020 at 14.24405
Smart Scan Analysis for XAGUSDO
Based on our trend formula, XAGUSDO is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).