XAGUSD may find support at strong structure and 0.764 Fib level during it's current consolidation. If unable to break it may breakout to 24.50 handle and 0.618 Fib level. But if it breaks down then next stop may be all the way down at 14.88 handle
Traders, I just posted a chart illustrating the persistent increase in $XAUUSD strength relative to $XAGUSD (See original chart and analysis here: , as well as subsequent comments here: ). $XAUUSD vs. $XAGUSD: This strengthening of Gold relative to Silver might appear counter-intuitive, considering that the yellow metal has been under pressure recently,...
XAGUSD looks like double zigzag I expect more bearish break 19.70 target will be 19.24 then I will watch price action . break 20.20 target will be 20.55 above will be 20.85 .. --------------------------------- www.facebook.com freefx1.blogspot.com www.targetforexsignals.com
Silver (XAGUSD), in 4H Tech Analysis Training look like this: The XAGUSD pair has made a decline below the KUMO from 23.07.2014 and now consolidates having breached the resistance red line. MACD is weakening its bullish trend and RSI is near 39. All these signs make me think bearish as the pair is under of all the ichimoky indicators. In addition Chikoun...
For the last 54 bars or 378 days Silver has been in a typical Elliott wave 4 pennant on the weekly chart witch now have panned out. The pennant shows up as a perfect symmetrical time pattern of 2 times 27 bars or 2 times 189 days. The last e wave comes perfectly back to the middle of the pennant and is now ready for the 5th wave down. If the time pattern continue...
For the last 54 bars or 378 days Silver has been in a typical Elliott wave 4 pennant on the weekly chart witch now have pan out. The pennant shows up as a perfect symmetrical time pattern of 2 times 27 bars or 2 times 189 days. The last e wave comes perfectly back to the middle of the pennant and is now ready for the 5th wave down. If the time pattern continue...
Gold, Silver, Wall Street, Oil Relative performance at 4 time frames Note the drastic difference post-2007. Also note the chaos of 2014
Traders, On a pure technical basis, a support and bullish reversal potential event has shaped up. The predictive/forecasting model overlay also points to an early bullish reversal signal pending confirmation. At this point, IF support holds at defined trendline, THEN I would expect a rallying and consolidation into the overhead forecast target: TG-1 = 21.724 -...
The title by itself is indicative of any possible trade, but it's more of an opinion than a trade opportunity, as probabilities here on an R/R basis, are not the best, which should be our only criteria. As you can see in the attachments I was very positive and enter full long precious metal (jacked?) positions, on spot, futures,stocks and bullion more than two...
Tracking the relationship between Gold, Silver, Wall Street and Oil at various time frames from 1990 to the present day in US Dollars.
This June.2014 is very critical for long terms trends. As you can see in the diagram (it is almost the same for gold too) , the reaction is towards the Kijun Sen (blue line) that is natural to happen It is very late already. It is 21 months away and this is a very long time. So, if the related linked idea will happened, the XAGUSD will be reach the $22 at...
Friends, While USD seems to gain strength, the antipod metal is looking to rally as well. Will this be a case of the Monday for Gold? Looking forwards to the week ahead. In the mean time, look what's nearing our target set late last year: - XAUXAG - Weekly chart: Cheers, David Alcindor
Despite of Silver failing to create a new high but turning down @19.74 this might be a setup for upside move. 4 possible patterns (cypher, shark, crab, and inverted H/S) showing a very likely bullish move
Make or break? I wish I knew. The last 3 years is almost always break, I think. Fact is that is so easy for sellers here, that if the line breaks there are going for targets lower derived from both triangles. Easy is sometimes suspicious. This weeks down candle volume is 1/4, up to this morning, of the volume of last week's doji. Posted current contract days...
Traders, A quick target-hit announcement: Target defined last April 15th was hit - See analysis here: System continues to see further downside. Floor is not open to 18.185 ... And below as well. Cheers, David Alcindor Predictive Analysis & Forecasting TradingView.com --------------------------------- Get my signals, predictive analyses and forecasts on...
Friends, Last January 25th, 2014, I defined a bearish target as TG-1 = 18.815 - 25 JAN 2014, and offered the following note: ------------------------- #XAGUSD: Predictive Analysis / NEW Target | #XAG #XAU #Silver #Gold - For the record, chart annotated as: "xagusd - 2014-01-25 - h4- new TG-1 = 18.815 - 25 JAN 2014 - 4xquad forecasting" TECH-NOTE: #Silver...
Friends, As a new week opens, a bird's eye view of the Forex market might be best appreciated if taken on the back of the US Dollar Index (DXY). SOME FUNDAMENTAL POINTS AND OPINION: At this point, fundamentals are expecting to carry the greenback upwards, on the general assumption that the Fed will continue to taper. We also discussed earlier weaknesses in...