Forex Trend Analysis Report
Prepared for you on Sunday, May 16, 2021.
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 Apr 11th, 2021 at 23.785
The intermediate-term trend has been UP since Apr 21st, 2021 at 26.295
The short-term trend has been DOWN since May 10th, 2021 at 26.478
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).