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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Silver Spot (FOREX:XAGUSDO)

Countertrend Up (+85) - XAGUSDO is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

FOREX_XAGUSDO
Open High Low XAGUSDO Price Change
25.10825 25.15015 24.80250 24.96150 -0.14675
Entry Signal

MarketClub’s Trade Triangles for XAGUSDO

long term up The long-term trend has been UP since Nov 28th, 2023 at 24.99200

intermediate term up The intermediate-term trend has been UP since Feb 16th, 2024 at 23.30815

short term down The short-term trend has been DOWN since Mar 19th, 2024 at 24.94625

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
25.10825 25.15015 24.80250 24.96150 -0.14675
Prev. Close Volume Bid Ask Time
25.10825 2024-03-19 07:14:23
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