XAGUSD - Divergence, bearish?

FX:XAGUSD   Silver / U.S. Dollar
60 0 6
Daily RSI shows some divergence, the price has hit a resistance area . It is likely to retrace towards the lower side of its ascending wedge . If it manages to break it, it could head down the upper cloud area. A break of RSI at 50 and then of the RSI trend line itself would give more weight to a shortish trade with entry around 15.6 and TP at 15.0.

The lagging span is just above the early Feb candles. Just under the price, there's a huge hole formed by the cloud that provides no support. The lagging span would have no problem going through that area and the associated twist in case of a dive. The Kijun in the past indicates that 14.8 is a key level and this is the current SSB             level as well. If this level is broken, the next target would be 13.6.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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