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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.
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MarketClub’s Trade Triangles for XAGUSDO
The long-term trend has been DOWN since Oct 1st, 2023 at 22.11600
The intermediate-term trend has been DOWN since Sep 12th, 2023 at 22.84745
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).
| 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 |