Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Silver Spot (FOREX:XAGUSDO)
Strong Downtrend (-100) - XAGUSDO is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, XAGUSDO continues to fall. Traders should use caution and set stops.
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 May 9th, 2022 at 22.090
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 21.320
The short-term trend has been DOWN since Jun 29th, 2022 at 20.797
Smart Scan Analysis for XAGUSDO
Based on our trend formula, XAGUSDO is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).