LiteForex_Official

XAG/USD: Technical analysis

FX:XAGUSD   Silver/U.S. Dollar
80 1 3
XAG/USD, D1

On the daily chart the pair is traded near the upper band of the Bollinger indicator. The indicator is moving up and the price range is expanding. The price is above the moving average line of EMA50, EMA100 and EMA144. MACD histogram is in the positive area, its volumes are slightly decreasing. Stochastic is in the central area, at the border with the oversold area, and its lines are directed downwards.

XAG/USD, H4

On 4-hour chart the pair is traded in the lower band of the Bollinger indicator; the indicator is moving sideways, price range has narrowed. Moving average line EMA50 is above the price level, while EMA100 and EMA144 are below the price level. MACD histogram is entered to the negative zone and volumes are decreasing. Stochastic is in the neutral zone, its lines are directed upwards.

Key levels

Support levels: 16.35 (two-week lows), 16.92 ( EMA50), 17.09 (local lows).
Resistance levels: 17.60 (local highs), 17.84 (last month highs), 18.02 (upper limit of the Bollinger bands ).

Trading tips

It is advisable to open short positions from the level of 17.09 with the targets of 16.69, 16.48 and stop-loss at 17.25. Long positions can be opened from the level of 17.52 with the targets of 17.84, 18.16 and stop-loss at 17.09. Forecast is valid for 3-5 days.
DownUnder
5 months ago
gone crazy
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out