A lot of discussion is going around on whether or not Silver has enter a new long term Bull Cycle. We are not against this possibility. But we thought it is useful to analyze also the scenario where XAGUSD is only on its way to a Lower High before diving even more on the long term and continue its multi year Bear Cycle. On the three charts you see the current...
Hello Traders, There has been a lot of talk about the precious metals recently (Gold / Silver) with many different reasons for the resurgent interest in precious metals ranging from the classic "store of value" to "finite resource" to "growing lack of trust in fiat currencies". From a Fundamental Analysis point of view I don't really know anything about Silver...
Silver has a clear cup and handle formation present (and looking to be resolving) on the monthly chart. Given the price action in silver recently (check out my earlier analysis which predicted this most recent surge as well as the move up in gold in July) it is worth looking at the longer-term trajectory for silver to determine whether we should be selling,...
The current Gold/ Silver ratio is settled at around 88.5 (at press time) this represents a historical outlier and a fantastic opportunity to leverage the movement of silver to great effect. As you can see the ratio is in a rising wedge, with it set to resolve in the not too distant future, these patterns tend to run quite long before resolving, usually into the...
Silver looks close to completing a multi-year correction in WXYXZ form. If you apply the guideline that Y should be equal or longer than X2 then 13.646 could be a nice buy; it has already touched the .618 extension of A of Y but may go deeper still >
Right now we're at the handle of the Cup structure, if silver price can up to $54 in next 12 month ,it will successfully break up the upper trend line of the Cup structure, we will have a big chance to see the silver touching $96 around April 2022. Good Luck.
Short Term Elliott Wave structure from the chart below suggests the rally in Silver to $17.5 ended wave (3). The metal then pullback in wave (4) to 16.91 with internal structure as a triangle. Triangle is labelled as ABCDE with subdivision of each leg in 3 waves. Triangle is therefore a 3-3-3-3-3 structure. In this case, wave A ended at 16.5, wave B ended at...
The price above 200 MA, indicating a growing trend. The MACD histogram is above 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 17.800 • Take Profit Level: 18.150 (350 pips) If the...
OANDA:XAGUSD Chart is self explanatory. Great setup with massive potential. Leave your thoughts below.
Silver markets rallied again during trading on wednesday reaching above the $17 dollar level during the U.S. market session. There is fear in the markets at the moment with three (3) Asian central banks cutting interest rates overnight (New Zealand, India and Thailand) which suggests this is a coordinated move. The global economy is certainly slowing down,...
Shakeout as silver posts new low Educational and entertainment purposes only- not financial advice
Bullish Ascending channel resistance and supports at the chart.
Midterm forecast: 15.60 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI bounced from the support #1 at 48 and it prevented price from more losses. A trough is formed in daily chart at 14.89 on 07/05/2019, so more gains to resistance(s) 17.20, 18.10 and more heights is expected. Price is above...
Midterm forecast: 15.60 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI bounced from the support #1 at 48 and it prevented price from more losses. A trough is formed in daily chart at 14.89 on 07/05/2019, so more gains to resistance(s) 17.20, 18.10 and more heights is expected. Price is above...
Quick summary of how i usually view the markets. In terms of market movement, i tend to view them as either Ranging or Trending market environments. - Trending environment means that price has a general direction it is heading based on High Time Frames market structures. BULLISH Market structure refers to higher highs and higher lows, while BEARISH Market...