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Forex Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
Silver Spot (FOREX:XAGUSDO)
Weak Downtrend (-65) - XAGUSDO is showing signs of a strengthening downtrend. Monitor XAGUSDO as it may be building momentum to the downside.
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 24.9920
The intermediate-term trend has been DOWN since Apr 30th, 2024 at 26.6745
The short-term trend has been DOWN since Apr 28th, 2024 at 26.9845
Smart Scan Analysis for XAGUSDO
Based on our trend formula, XAGUSDO is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 26.56005 | 26.63500 | 26.48500 | 26.50350 | -0.05655 |
| Prev. Close | Volume | Bid | Ask | Time |
| 26.56005 | 2024-05-05 19:46:43 |
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