Forex Trend Analysis Report
Prepared for you on Thursday, July 9, 2020.
Silver Spot (FOREX:XAGUSDO)
Long-Term Uptrend (+90) - XAGUSDO is in a strong uptrend that is likely to continue. While XAGUSDO is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jun 1st, 2020 at 18.1975
The intermediate-term trend has been UP since Apr 6th, 2020 at 15.1160
The short-term trend has been UP since Jul 6th, 2020 at 18.1200
Smart Scan Analysis for XAGUSDO
Based on our trend formula, XAGUSDO is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).