Indicators and patterns
3/11/2025
Indicators and patterns
The first indicator is an Engulfing Pattern on the XAG/USD (Silver/US Dollar) currency pair, observed on the 15-minute timeframe. This pattern is considered bullish, indicating a potential reversal in the price movement. The signal generated from this pattern is to buy XAG/USD.The second indicator is the Average Directional Index (ADX) on the same XAG/USD pair, also on the 15-minute timeframe. The ADX is currently showing a bearish signal, suggesting a weakening trend or potential reversal to the downside. The signal generated from the ADX is to sell XAG/USD.
It's important to consider both signals in conjunction with other factors and conduct further analysis before making any trading decisions.
This is not investment advice. Remember to verify the information provided here.
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