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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.

FOREX_XAGUSDO
Open High Low XAGUSDO Price Change
27.4220 27.5400 27.3965 27.4500 +0.0280
Entry Signal

MarketClub’s Trade Triangles for XAGUSDO

long term down The long-term trend has been DOWN since Apr 11th, 2021 at 23.785

intermediate term up The intermediate-term trend has been UP since Apr 21st, 2021 at 26.295

short term down 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).

-55
Smart Scan Analysis for XAGUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.4220 27.5400 27.3965 27.4500 +0.0280
Prev. Close Volume Bid Ask Time
27.4220 2021-05-16 20:12:18
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