XAGUSD (Silver Analysis)

FX:XAGUSD   Silver / U.S. Dollar
Analysis for Silver             highlighting some potential support and resistance zones, both on the daily and hourly time frames to keep an eye on. Price is currently struggling to make a clear break lower of the 38.2% Fibonacci level and it is also approaching a key upward trendline that has so far held on multiple tests. A long trade for XAGUSD             could be appropriate on an initial test of the trendline , others might feel a bounce would give them confirmation for entering long. MACD also appears to be turning higher which could be indicate bullish momentum for this pair. Alternatively if price breaks the trendline then be careful on entering short as support zones and the 61.8% Fibonacci lie beneath.

Let me know your thoughts and feel free to follow, Enjoy a successful week of trading ahead :)
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