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XAG-USD

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.
FX_IDC:XAGUSDShort
by easyMarkets
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.
FX_IDC:XAGUSD
by UnknownUnicorn890690
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