sugardaddyFED

Silver Weekly Technical View - RSI divergence continues

FX:XAGUSD   Silver / U.S. Dollar
Notice how Silver             price is now trading out of the long term downtrend line after its massive rally to all time high of $ 50. We continue to expect price consolidation and a possible low to retest the 13.50 to 14.50 levels to confirm a reversal sign (with the addition of RSI divergence and a double bottom?).
Silver             need to break out of this triangle with the following scenarios:
1) Bullish
If it can break out of its mini triangle at 16.75 and 17.45. A close above the 100 WMA at 19.17 will put us firmly in a bullish mode.
2) Bearish
If it breaks below 15.45 and will look to test support at 14.50 but if it breaks below that then watch out for a possible 11.50 - 13.50 levels
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out