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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

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.

FOREX_XAGUSDO
Open High Low XAGUSDO Price Change
28.8155 28.8695 28.2700 28.3350 -0.4805
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 up The short-term trend has been UP since Mar 31st, 2024 at 25.00875

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).

+90
Smart Scan Analysis for XAGUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
28.8155 28.8695 28.2700 28.3350 -0.4805
Prev. Close Volume Bid Ask Time
28.8155 2024-04-16 04:09:38
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