FX:XAGUSD   Silver/U.S. Dollar
19 0 1
Current trend

Last week the pair slightly strengthened amid closing of short positions by traders prior to Christmas holidays.
In addition, gold             and silver             prices were supported by growing oil             prices that managed to strengthen after the publication of oil             reserves data in the US. The data showed that reserves fell by 5.88 million barrels, while experts predicted a 1.5 million barrels growth.
At the same time, the market attention shifts to fresh macroeconomic statistics that are coming out in the US and which could help to determine future changes in monetary policy .

Support and resistance

Bollinger Bands on the daily chart is moving horizontally while the price range remains unchanged. MACD is growing and giving a weak buy signal. Stochastic is in the overbought zone and trying to turn down.
The indicators recommend waiting for clearer trading signals.

Support levels: 14.30 ( local             low), 14.20, 14.00, 13.90, 13.82, 13.63 (14 December low).
Resistance levels: 14.48 ( local             high), 14.63 (7 December high), 14.77, 15.00 (beginning of November high), 15.15, 15.25.

Trading tips

Long positions can be opened after the price rebound from the level of 14.20 (with the appropriate indicators signals) with targets at 14.63, 15.00 and stop-loss at 14.00. Validity – 2-4 days.
Short positions can be opened after the breakdown of the level of 14.20 with targets at 14.00, 13.80, 13.60 and stop-loss at 14.50. Validity – 3-4 days.
More analytic from LiteForex https://www.liteforex.com/trading/forex-analysis/?uid=880952068&cid=12118
United States
United Kingdom
Việt Nam
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out