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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.
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MarketClub’s Trade Triangles for XAGUSDO
The long-term trend has been UP since Nov 28th, 2023 at 24.99200
The intermediate-term trend has been UP since Feb 16th, 2024 at 23.30815
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 28.8155 | 28.8695 | 28.4650 | 28.4650 | -0.3505 |
| Prev. Close | Volume | Bid | Ask | Time |
| 28.8155 | 2024-04-16 02:44:20 |