XAG/USD, D1
On the D1 chart, the instrument demonstrates sideways movement within the corridor formed by the center and upper lines of Bollinger Bands. MACD histogram is near zero level and has minimum volume; the signal line is crossing the zero level from below, forming a signal to open long positions.
XAG/USD, H4
On the H4 chart, the instrument demonstrates sideways movement and the pair has corrected to the center line of Bollinger Bands; the price range is narrowed. MACD histogram is near the zero level keeping minimum volume.
Key levels
Resistance levels: 14.70, 14.77, 14.82, 14.89, 15.09, 15.23, 15.49, 15.59, 15.65.
Support levels: 14.60, 14.49, 14.43, 14.33, 14.22, 14.15, 14.05, 13.99, 13.93.
Trading tips
Long positions may be opened from the current level with target at 15.00 and stop loss at 14.43.
Short positions may be opened from the level of 14.30 with target at 13.93. Stop loss — 14.49.
Implementation period: 3-5 days.
Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 14.62
Take Profit 15.00
Stop Loss 14.43
Key Levels 13.93, 13.99, 14.05, 14.15, 14.33, 14.43, 14.49, 14.60, 14.70, 14.77, 14.82, 14.89, 15.09, 15.23, 15.49, 15.59, 15.65
Alternative scenario
Recommendation SELL STOP
Entry Point 14.30
Take Profit 13.93
Stop Loss 14.49
Key Levels 13.93, 13.99, 14.05, 14.15, 14.33, 14.43, 14.49, 14.60, 14.70, 14.77, 14.82, 14.89, 15.09, 15.23, 15.49, 15.59, 15.65
On the D1 chart, the instrument demonstrates sideways movement within the corridor formed by the center and upper lines of Bollinger Bands. MACD histogram is near zero level and has minimum volume; the signal line is crossing the zero level from below, forming a signal to open long positions.
XAG/USD, H4
On the H4 chart, the instrument demonstrates sideways movement and the pair has corrected to the center line of Bollinger Bands; the price range is narrowed. MACD histogram is near the zero level keeping minimum volume.
Key levels
Resistance levels: 14.70, 14.77, 14.82, 14.89, 15.09, 15.23, 15.49, 15.59, 15.65.
Support levels: 14.60, 14.49, 14.43, 14.33, 14.22, 14.15, 14.05, 13.99, 13.93.
Trading tips
Long positions may be opened from the current level with target at 15.00 and stop loss at 14.43.
Short positions may be opened from the level of 14.30 with target at 13.93. Stop loss — 14.49.
Implementation period: 3-5 days.
Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 14.62
Take Profit 15.00
Stop Loss 14.43
Key Levels 13.93, 13.99, 14.05, 14.15, 14.33, 14.43, 14.49, 14.60, 14.70, 14.77, 14.82, 14.89, 15.09, 15.23, 15.49, 15.59, 15.65
Alternative scenario
Recommendation SELL STOP
Entry Point 14.30
Take Profit 13.93
Stop Loss 14.49
Key Levels 13.93, 13.99, 14.05, 14.15, 14.33, 14.43, 14.49, 14.60, 14.70, 14.77, 14.82, 14.89, 15.09, 15.23, 15.49, 15.59, 15.65