According to the previous analysis: we expected an upward movement for silver. The price was beautifully matched with our climbing scenario. Now the price has managed to break out the descending channel. We are waiting for the stabilization of the price in this range to continue the upward movement
Hi my dears
It seems that we are at the beginning of a downward trend in the Cryptocurrency of BTCUSDT. The yellow area that I marked in the picture is the area for collecting orders in the coming weeks. I think we have the potential to reach lower levels.
The black lines that I specified are the support areas in front of Bitcoin, when they are broken, the...
Preferred direction: SELL
Comment: Before the Fed meeting, silver is still considered short, but at the moment there is no entry point. The best option would be to enter through pending orders before the Fed meeting. We highlight two login scenarios. The main one ( scenario №1 ) assumes entry after the formation of a false breakout at the level of 23.32250...
Preferred direction: SELL
Comment: At the beginning of the week, the major currency pairs are showing quite mixed behavior, especially the currencies of the Pacific region. However, the medium-term and immediate prospects are still in favor of the US dollar . Regarding the New Zealand dollar , we expect a fall with a target at the level of 0.66000 . We...
Silver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 23.286 which is a pullback resistance that aligns with a confluence of Fibonacci levels i.e. the 50.0% retracement and the 61.8% projection.
Stop loss is at 23.730 which is a level that sits above an overlap resistance that aligns...
XAGUSD presents a bullish structure on the daily chart, where the price has bounced off the 0.705 Fibonacci level after entering the demand zone. I now expect the price to experience further growth towards the liquidity zone at the 24.20 level, as the previous liquidity area has already been filled. It is highly likely that the Federal Reserve will keep interest...
XAGUSD price is in the support zone 21.94 if this support continues to work well. It is expected that there is a chance that the price will rebound. Consider buying a red zone.
>>GooD Luck 😊
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Hello,Traders!
SILVER was trading below
The falling resistance
But now we are seeing
A bullish breakout so
I am now locally bullish
Bias and I think that we
Will see a further move up
Buy!
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Top-down analysis for Silver.
Price action analysis.
Important key levels.
Directional bias.
Thoughts.
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Silver is on a neutral 1D technical outlook (RSI = 45.485, MACD = -0.282, ADX = 24.810) as despite a straight downtrend since December 22nd 2023, it has registered three successive green 1D candles that pushed the price over the LH trendline of the December 4th 2023 High and the 0.382 Fibonacci retracement level. Technically, if the price stays over the LH...
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SILVER pair price action which suggests a high likelihood of a coming move down.
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Hi Traders!
SILVER has broken its trendline resistance on the 1D chart.
Here are the details:
The market has found support around the 21.874 level, which is a previous swing low. Today's candle has opened above the trendline resistance and is currently on the 20 EMA.
We are looking for a close above the trendline resistance and a momentum push above the 20...
Preferred direction: SELL
Comment: According to the previous analysis, at the moment scenario №2 is activated for Silver , aimed at short. Here, we expect an approach to local support at the level of 22.00 . Most likely, in the near future, we will see updates to the local minima data where our current target is located.
It should also be noted that...
Preferred direction: BUY
Comment: For the Japanese yen , the buy-priority remains and, according to scenario №2 , we continue to be in long-deal. The main growth target remains at 150 . It is expected that most of the movement towards this target will be realized today, before the start of the weekend.
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Preferred direction: SELL
Comment: The situation with the euro has not changed since our last review. Protracted accumulation continues at the level of 1.09000 . However, we continue to follow sell-priority. According to our later analysis (scenario #1 and #2) we expect a fall to 1.08000 . Also, in the longer term, we can consider a fall to 1.07000.
On...
Preferred direction: SELL
Comment: In the very near future, the New Zealand dollar is also expected to fall to 0.60144 , which we also wrote in the previous trading idea for this pair. More medium-term prospects look long, but for this, as we wrote, it is necessary to wait for a short-term fall.
The resistance level of 0.61263 is unlikely to be overcome,...
