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XAG-USD

XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 14.51 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 14.29 (horizontal pullback support, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and seeing a bearish divergence 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.
FX_IDC:XAGUSDShort
by easyMarkets
XAUUSD approaching resistance, potential drop! XAUUSD is approaching our first resistance at 1214.51 (horizontal overlap resistance, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1192.67 (horizontal overlap support, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAUUSDShort
by easyMarkets
3
XAGUSD approaching resistance, potential drop!XAGUSD is approaching our first resistance at 14.25 (horizontal pullback resistance, 23.6% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 13.90 (horizontal swing low support). RSI (89) is also seeing a bearish exit 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.
FX_IDC:XAGUSDShort
by easyMarkets
1
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.20 (Horizontal pullback resistance, 61.8%, 100% fibonacci extension, 38.2% fibonaccci retracement) where a strong drop might occur pushing price down to our major support at 14.58 (Horizontal overlap support, 61.8% fibonacci extension, 61.8% fibonaccci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresonding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX_IDC:XAGUSDShort
by Tickmill
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.20 (horizontal pullback resistance, 100%, 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 14.54 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX_IDC:XAGUSDShort
by easyMarkets
XAGUSD approaching resistance, potential drop!XAGUSD is approaching our first resistance at 15.20 (horizontal pullback resistance, 61.8%, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 14.54 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% 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. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX_IDC:XAGUSDShort
by easyMarkets
XAGUSD approaching resistance, potential drop!XAGUSD is approaching our first resistance at 15.20 (horizontal pullback resistance, 38.2% fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 14.53 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX_IDC:XAGUSDShort
by easyMarkets
1
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 14.84 (horizontal swing high, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 14.52 (horizontal swing low support, 78.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX_IDC:XAGUSDShort
by easyMarkets
XAG/USD 1H Chart: Descending channel in sightSilver has been appreciating against the US Dollar after the currency pair reversed from the lower boundary of a medium-term descending channel located circa 14.00. As apparent on the chart, the exchange rate is re-testing the upper channel line near 14.65. From a theoretical point of view, the pair should reverse and drop to the 200-period (4H) SMA in the nearest future, currently located at 14.40. Technical indicators for the 1D and 1W time-frames also suggest that bearish momentum might occur soon. If given channel does not hold, it is expected that a breakout could occur. In thic case, potential upside target might be the monthly S1 at 14.90.
FX:XAGUSD
by UnknownUnicorn890690
XAG/USD 1H Chart: Breakout from channelSilver has been depreciating against the US Dollar since the beginning of September. This movement has been bounded in a descending channel. By mid-Thursday, the pair has reached the upper boundary of the descending channel and the 200-hour SMA at 14.24. This short-term appreciation has pushed technical indicators in the oversold territory. This means that a breakout is likely to occur soon. Even if bears still move the rate lower during the following hours, the bullish momentum should take over the market in the nearest future and target the upper boundary of a medium-term channel and the weekly S1 at 14.51.
FX_IDC:XAGUSD
by UnknownUnicorn890690
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 14.39 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 13.67 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Stochastic (21,5,3) is also approaching resistance and a reaction below this level 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.
FX_IDC:XAGUSDShort
by Tickmill
There is a trading opportunity to buy in silverMidterm forecast: While the price is above the support 13.60, beginning of uptrend is expected. We make sure when the resistance at 15.60 breaks. If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested Buy Zone (14.650 to 14.400). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (14.650) Ending of entry zone (14.400) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Technical analysis: While the RSI resistance #1 at 44 is not broken, the probability of price increase would be too low. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 33. Take Profits: TP1 = @15.000 TP2 = @15.250 TP3 = @15.600 TP4 = @15.900 TP5 = @16.200 TP6 = @16.550 TP7 = @16.850 TP8 = @17.200 TP9 = @17.700 TP10 = @18.100 TP11 = @21.000 TP12 = @22.000 TP13 = @25.100 TP14 = @28.350 TP15 = @33.300 TP16 = @37.500 TP17 = @44.200 TP18 = @49.800 TP19 = Free
FOREXCOM:XAGUSDLong
by ForecastCity
There is a trading opportunity to buy in silverMidterm forecast: While the price is above the support 13.60, beginning of uptrend is expected. We make sure when the resistance at 15.60 breaks. If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested Buy Zone (14.650 to 14.400). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (14.650) Ending of entry zone (14.400) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Technical analysis: While the RSI resistance #1 at 44 is not broken, the probability of price increase would be too low. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 33. Take Profits: TP1 = @15.000 TP2 = @15.250 TP3 = @15.600 TP4 = @15.900 TP5 = @16.200 TP6 = @16.550 TP7 = @16.850 TP8 = @17.200 TP9 = @17.700 TP10 = @18.100 TP11 = @21.000 TP12 = @22.000 TP13 = @25.100 TP14 = @28.350 TP15 = @33.300 TP16 = @37.500 TP17 = @44.200 TP18 = @49.800 TP19 = Free
FOREXCOM:XAGUSDLong
by ForecastCity
1
XAG/USD 1H Chart: Decline still in sightSilver had been moving sideways against the US Dollar since mid-July with a diminishing trading range. As a result, symmetrical triangle was formed within a more senior pattern—a descending channel valid since the beginning of June. This triangle was breached today. Such bearish breakouts are usually followed by a retracement from the breached pattern and a subsequent fall. Technical indicators demonstrate that there is still some downside potential in the market before bulls are able to prevail in the market once again. The nearest support is the monthly S1 at 15.08; however, this decline is expected to be more significant, thus setting the 14.95 mark as a possible near-term target. Meanwhile, Silver bulls should look for buy signals, as such falls are followed by price surges.
FX_IDC:XAGUSD
by UnknownUnicorn890690
XAG/USDSilver has done 7 swing upon 7 swing. Oversold on weekly. Over extended on Monthly TDI. Already turned up on Daily TDI. There is potential for a very large trade to the upside if it were to do a larger 7 swing on the larger scale. We can get more downside before the LARGE upside move, but we are at a major fibonacci and pattern confluent supply zone. Hard for me to fully explain here what I am looking at, but major level, large potential for upside from this area is all I can really say, I can't explain the different scenarios.
OANDA:XAGUSD
by thillygoosth
XAGUSD testing major resistance, prepare for a potential drop!XAGUSD (Silver) is testing major resistance at 16.85 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) and a strong drop could occur at this level to push prices all the way down to major support at 16.29 (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 93% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAGUSDShort
by easyMarkets