PaxForex

Analysis of SILVER 12.09.2019

OANDA:XAGUSD   Silver / U.S. Dollar
The price above 200 MA, indicating a growing trend.
The MACD histogram is below the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 18.300
• Take Profit Level: 18.800 (500 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 17.800
• Take Profit Level: 17.600 (200 pips)



USDJPY
A possible short position in the breakdown of the level 108.20

GOLD
A possible long position at the breakout of the level 1506.00

USDCHF
A possible short position in the breakdown of the level 0.9890

GBPUSD
A possible long position at the breakout of the level 1.2350

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.