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Forex Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

Silver Spot (FOREX:XAGUSDO)

Countertrend Down (-85) - XAGUSDO is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_XAGUSDO
Open High Low XAGUSDO Price Change
20.87000 21.37485 20.86850 21.17850 +0.30850
Entry Signal

MarketClub’s Trade Triangles for XAGUSDO

long term down The long-term trend has been DOWN since Oct 1st, 2023 at 22.11600

intermediate term down The intermediate-term trend has been DOWN since Sep 12th, 2023 at 22.84745

short term up The short-term trend has been UP since Sep 29th, 2023 at 23.09005

Smart Scan Analysis for XAGUSDO

Based on our trend formula, XAGUSDO is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for XAGUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.87000 21.37485 20.86850 21.17850 +0.30850
Prev. Close Volume Bid Ask Time
20.87000 2023-10-03 13:20:52
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