Preferred direction: SELL
Comment: Metals still maintain a strong position in the market, but everything comes to an end, and a likely downward correction is just around the corner. In the short term, growth is expected in order to update the high, and in the mid-term, shorts are expected. Mainly, a short-term upward movement will be made with the aim of...
Preferred direction: BUY
Comment: Today and tomorrow are the most active days in terms of the economic background. We continue to expect a medium-term reversal of the US dollar and continue to accumulate long positions against the American currency. Previously, we highlighted two scenarios for EURUSD , where scenario №1 is already in progress. But there...
Preferred direction: BUY
Comment: The Japanese yen continues to be the weakest currency among the majors. Buy priority for the USDJPY currency pair has not only a medium-term framework, but also a long-term one. The reason for this is the low rate and the inaction of the Central Bank of Japan . You can't achieve anything with words.
The current squeeze...
Preferred direction: BUY
Comment: Metals also look good for long-trade at the beginning of this week, but buyers here will most likely have more difficulties than on the same currency pairs. A more likely scenario, especially for silver , is to first fall below local support before rising. This maneuver made it possible to rid the market of "spare buyers"...
Preferred direction: BUY
Comment: In the coming week, gold is expected to approach the level of 2150 , to which all attention was focused a little earlier, and as a result, it was from this support that we recorded another maximum for the metal. However, despite the expected weakening of the US dollar , the metal will, at best, trade near its highs.
We...
Preferred direction: BUY
Comment: Within frameworks this week, we've been following the buy-priority on the main currencies that compete with the US dollar . It can be assumed that the long-term outlook will most likely be positive for the American currency, but the medium term will most likely take place within the framework of a downward correction for this...
#SILVER.. well guys market very well holding your supporting trend line as we discussed in our video analysis,
in first go market placed exact low near supporting line and bounced.
its still valid supporting line if market hold it then again you can see upside momentum otherwise below that line a straight drop on table.
good luck
trade wisely
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
From my analysis(excluding fundamentals, as they can change over time) I have found quite a good place to enter long positions if Silver has a pullback. We may expect a pullback because Silver is at a price which had a history of being rejected. So maybe this will be a great trading opportunity, I have mapped out a possible entry with an RR of 4. But remember that...
Pair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Consolidation Phase as an Corrective Pattern in Short Time Frame and rejection from Upper Trend Line
RSI - Divergence
Break of Structure
Silver (XAGUSD) is currently positioned within a critical support and demand zone, ranging from 24.5 to 24.7. This zone represents a significant area where buyers are anticipated to be active, potentially leading to a reversal in price action. Considering the trading sentiments from the last week, which recorded 6 sell signals, 10 neutral signals, and 28 buy...
It's been a while since we've done an update on our Silver analysis as market has been in an accumulation phase. But nevertheless, we are still holding onto our Silver buy position & it is running in strong profits🦾 Currently giving us a 24% ROI (4,800 PIPS).
I analysed it, There is Short opportunity for Silver at market price and Price should go down 23
Enter Price 24.700-24800
Target 23
SL 25.100
This is my analysis for XAGUSD
