Silver / U.S. Dollar XAGUSD

Key levels to watch for, please refer to our 4 hour chart for a strategic view!

XAGUSD is approaching our first resistance at 15.708 where we might see a strong drop might price to our major support at 15.237. Stochastic is also approaching resistance where we might also see a corresponding drop in price.

The market confirmed the continuation of the primary uptrend. After the confirmed reversal from the support zone formed by the uptrend line, SMA100 and 15.00 level, the price moved upward. We got a short term pullback and a new swing high. Based on the hourly time frames we got trading opportunities in the direction of the main trend. The market made a good upward...

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Pattern: Ascending Triangle on 4H. Signal: Bullish after a Low was made. Target: 15.5000 (the 1D Resistance).

The price bounced from the uptrend line and it's going to move above the cloud. If so, we will be able to get a new buy signal. If the price breaks the local downtrend line and moves above 15.36 resistance level, it will confirm that the market will move upward. Pending orders for buy can be placed above this key resistance with stop orders below the uptrend line....

AS you see in the picture the silver broken the trend line of the wedge pattern . I think it will go down next hours. The confirmation comes from the RSI indicators which appeared negative divergence with the price.

XAGUSD is approaching its resistance at 15.52 (61.8% & 100% Fibonacci extension, horizontal overlap resistance) where it is could reverse down to its support at 15.23 (76.4% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.

Pattern : Rising wedge (broken) Trend : Bearish Target : 15.26 maximum 15.18

Fundamentally we have had a very fast leg down right on time for the Yen repatriation fiscal year end flows to begin. There is a lot more upside in the dollar move to come as investors are running to cash. Silver will naturally benefit from the risk-off nature of these flows, here we have a great buying opportunity for those wanting to invest in more coins....

The trend for SILVER is still up up up . The broken trendline is some kind of bear signal. But on this chart, it shows us another possibility that SILVER could reach the trendline again by approaching the blue top zone. Less is more!

MAJOR WEEEKLY MOMENTUM SHIFT TO DOWNSIDE

It's time to consider adding Silver into your portfolios. Start as small physical investment on it's every step down. We are going to touch the floor one more time. Traders must consider Spooky, Spiky silver which is not good to trade with high leverage. Expecting June 2018 might be a good investment time on Silver. let's wait till June :)

My short on Silver pending :) Gold/Silver ration getting it's support

XAUUSD/XAGUSD is telling you that buying silver is faster than buying gold. This is a triple top on daily chart. So believe it or not, take more care about silver, you will get more surprises. LESS IS MORE!

Silver similar to gold, if rotming a running flat structure, anticipated price direction is on the chart.

XAGUSD is approaching our first resistance at 15.60 (horizontal pullback resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level to our major support at 15.34 (61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on...

XAGUSD is approaching our first resistance at 15.59 (horizontal pullback resistance, 50% Fibonacci retracement) where a strong drop might occur below this level to our major support at 15.36 (38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk....