On the daily chart, the pair is moving along the middle MA of Bollinger Bands. The price remains below the EMA50, EMA100 and EMA144 that are directed down. MACD histogram is in the negative zone and its volumes are barely changing. DI lines are moving up, while ADX is horizontal.
XAG/USD, H4
On the 4-hour chart, the pair is trading in the upper Bollinger band. The price remains below the EMA100 and EMA144, but above the EMA50, all directed horizontally. MACD histogram is in the positive zone and its volumes are very low. DI lines are moving down, while ADX is horizontal.
Pending sell orders can be placed at the level of 14.15 with targets at 14.00, 13.85 and stop-loss at 14.30. Validity – 1-2 days. Pending buy orders can be placed at the level of 13.85 with the target at 14.25 and stop-loss at 13.67. Validity – 1-2 days.