does silver find enough power in itself to increase?There may be a temporary fall down to the marked area and then silver rebounds or increase.
XAG-USD
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.64 (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 15.55 (horizontal swing low support).
RSI (34) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAG USD SELL (SILVER – US DOLLAR)Hi there. Price has moved impulsively from the top of the pattern. Wait for the price to test the previous high and watch strong price action for sell.
XAGUSD Approaching Support, Potential BounceXAGUSD is approaching its support at 14.89 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 15.34 (50% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its support at 1.4% where a corresponding bounce could occur.
XAG USD SELL (SILVER – US DOLLAR)Hi there. Price has moved impulsively from the top of the pattern. Wait for the price to form a continuation pattern and watch strong price action for sell.
XAGUSD Approaching Resistance, Potential ReversalXAGUSD is approaching its resistance at 15.99 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse to its support at 15.50 (23.6% Fibonacci retracement , Horizontal pullback support 50% Fibonacci retracement ).
Stochastic (34, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.
XAGUSD approaching resistance, potential bounce! XAGUSD is approaching our first resistance at 16.10 (Horizontal overlap resistance, 50% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 15.49 (Horizontal swing low support, 23.6% fibonacci retracement , 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
XAGUSD Approaching Resistance, Potential ReversalXAGUSD is approaching its resistance at 15.99 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse to its support at 15.50 (23.6% Fibonacci retracement , Horizontal pullback support 50% Fibonacci retracement).
Stochastic (34, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.
XAGUSD Approaching Resistance, Potential ReversalXAGUSD is approaching its resistance at 15.99 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse to its support at 15.59 (23.6% Fibonacci retracement, Horizontal pullback support 50% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.
XAGUSD Approaching Resistance, Potential ReversalXAGUSD is approaching its resistance at 16.03 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing high resistance) where it could potentially reverse to its support at 15.25 (38.2% Fibonacci retracement , horizontal pullback support).
Stochastic (21, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
XAGUSD Testing Resistance, Potential ReversalXAUUSD is testing its resistance at 15.59 (50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 14.96 (38.2% Fibonacci retracement, horizontal swing low support) may occur.
Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop may occur.
XAGUSD Approaching Resistance, Potential ReversalXAGUSD is approaching its resistance at 15.61 (50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 15.03 (38.2% Fibonacci retracement , horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 100% where a corresponding reversal could occur.
XAGUSD approaching resistance, potential drop!XAGUSD is approaching our first resistance at 15.6584 (horizontal pullback resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 14.9941 (horizontal pullback support, 61.8% Fibonacci extension, 38.2% Fibonacci extension).
Stochastic (55,5,3) is also approaching our resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD approaching support, potential bounce!XAGUSD is approaching our first support at 15.00 (horizontal pullback support, 23.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 15.62 (horizontal swing high resistance, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
RSI (34) is also seeing a bullish exit where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD testing resistance, potential drop! Price is testing our first resistance at 15.21 (horizontal pullback resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong reaction could occur below this level pushing price down to our major support at 14.78 (horizontal pullback support, 100% fibonacci extension, 38.2% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD approaching resistance, potential drop!XAGUSD is approaching our first resistance at 15.16 (horizontal pullback resistance, 38.2% fibonacci retracement, 100% fibonacci extension, Elliot wave structure) and a strong drop might occur below this level pushing price down to our major support at 14.69 (38.2% fibonacci retracement, 100% fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD Approaching Resistance, Potential ReversalXAGUSD is approaching its resistance at 14.90 (100% Fibonacci extension, horizontal swing high resistance) where it could potentially reverse to its support at 14.57 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 92% where a corresponding reversal could occur.
XAGUSD Approaching Resistance, Potential ReversalXAGUSD is approaching its resistance at 14.81 (100% Fibonacci extension, horizontal swing high resistance) where it could potentially reverse to its support at 14.63 (61.8% Fibonacci extension , 23.6% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
XAGUSD reversed off resistance, potential for further drop!XAGUSD reversed off our first resistance at 14.79 (23.6% Fibonacci retracement , horizontal swing high resistance) where a strong drop might occur below this level pushing price to our major support at 14.58 (61.8% fibonacci extension , 23.6% Fibonacci retracement).
Stochastic (55, 5, 3) is also testing resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD Testing Resistance, Potential ReversalXAGUSD is testing its resistance at 14.72 (61.8% & 100% Fibonacci extension , 23.6% & 78.6% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse to its support at 14.48 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing low support).
Stochastic (89, 5, 3) is testing its resistance at 96% where a corresponding reversal could occur.
XAG/USD 1H Chart: Potential reversal southSilver has been appreciating gradually against the US Dollar since the pair reversed from the lower boundary of a long-term descending channel located circa 14.00.
As apparent on the chart, the pair has already tested the upper channel line at 14.70. From a theoretical point of view, a reversal south occurs within the following trading sessions. Potential downside target is the Fibonacci 0.00% retracement at 13.95.
However, technical indicators suggest that this move might not be immediate, and the pair could re-test the upper channel line. It is unlikely that a breakout north occurs, as Silver is being pressured by the 55-, 100– and 200-hour SMAs 14.65.
XAGUSD Approaching Resistance, Potential ReversalXAGUSD is approaching its resistance at 14.71 (61.8% & 100% Fibonacci extension, 23.6% & 78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse to its support at 14.43 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
XAGUSD Approaching Resistance, Potential ReversalXAGUSD is approaching its resistance at 14.49 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could potentially reverse down to its support at 14.30 (38.2% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could potentially occur.
