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XAG-USD

SILVER Weekly Technical Analysis UpdateMidterm forecast: . While the price is above the support 16.50, resumption of uptrend is expected. . We make sure when the resistance at 18.95 breaks. . If the support at 16.50 is broken, the short-term forecast -resumption of uptrend- will be invalid. . We will close our open trades, if the Midterm level 16.50 is broken. Technical analysis: . While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low. . A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains maximum to Major Resistance (18.95) is expected. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index ( RSI ) is 67.
FOREXCOM:XAGUSDLong
by ForecastCity
18
SILVER Weekly Technical Analysis UpdateMidterm forecast: . While the price is above the support 16.50, resumption of uptrend is expected. . We make sure when the resistance at 18.95 breaks. . If the support at 16.50 is broken, the short-term forecast -resumption of uptrend- will be invalid. . We will close our open trades, if the Midterm level 16.50 is broken. Technical analysis: . While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low. . A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains maximum to Major Resistance (18.95) is expected. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index (RSI) is 67.
FOREXCOM:XAGUSDLong
by ForecastCity
16
A Second Chance to Buy in XAGUSD ...New trading suggestion: * The price is in a range bound and we forecast the uptrend would resume. * There is still a possibility of temporary retracement to suggested support line (16.50). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above the suggested support line (16.50). Midterm forecast: . While the price is above the support 16.50, resumption of uptrend is expected. . We make sure when the resistance at 18.35 breaks. . If the support at 16.50 is broken, the short-term forecast -resumption of uptrend- will be invalid. . We will close our open trades, if the Midterm level 16.50 is broken. Technical analysis: . The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle. . While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low. . A peak is formed in daily chart at 18.35 on 06/01/2020, so more losses to support(s) 17.50, 16.50 and minimum to Major Support (16.50) is expected. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index ( RSI ) is 58.
FOREXCOM:XAGUSDLong
by ForecastCity
23
A second Chance to Buy in XAGUSD...New trading suggestion: * The price is in a range bound and we forecast the uptrend would resume. * There is still a possibility of temporary retracement to suggested support line (15.85). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above the suggested support line (15.85). Midterm forecast: . While the price is above the support 15.85, resumption of uptrend is expected. . We make sure when the resistance at 18.35 breaks. . If the support at 15.85 is broken, the short-term forecast -resumption of uptrend- will be invalid. . We will close our open trades, if the Midterm level 15.85 is broken. Technical analysis: . The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle. . While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low. . A peak is formed in daily chart at 18.35 on 06/01/2020, so more losses to support(s) 17.50, 16.50 and minimum to Major Support (15.85) is expected. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index (RSI) is 57.
FOREXCOM:XAGUSDLong
by ForecastCity
22
A second Chance to Buy in XAGUSD...New trading suggestion: * The price is in a range bound and we forecast the uptrend would resume. * There is still a possibility of temporary retracement to suggested support line (15.85). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above the suggested support line (15.85). Midterm forecast: . While the price is above the support 15.85, resumption of uptrend is expected. . We make sure when the resistance at 18.35 breaks. . If the support at 15.85 is broken, the short-term forecast -resumption of uptrend- will be invalid. . We will close our open trades, if the Midterm level 15.85 is broken. Technical analysis: . The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle. . While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low. . A peak is formed in daily chart at 18.35 on 06/01/2020, so more losses to support(s) 17.50, 16.50 and minimum to Major Support (15.85) is expected. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index (RSI) is 57.
FOREXCOM:XAGUSDLong
by ForecastCity
21
Silver USD Analysis on RenkoNothing big, just practicing some different techniques and wanted to share my chart for some feedback. I think between June and April there will be some opportunities for a good entry point into the market. If the price breaks the current .618 support then I see a trend reversal to the first entry point. As the market is closing into the cone, these entry points seem ti be great for some good longing opportunities. Please share your opinions with me about anything I should be considering so I can improve my analysis ability - Thanks :)
FOREXCOM:XAGUSD
by dbs2020
LONG Don't miss the great buy opportunity in XAGUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (17.44). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAGUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 18.16 TP2= @ 18.70 TP3= @ 19.629 SL= Break below S2
OANDA:XAGUSDLong
by ForecastCity
3
Don't miss the great buy opportunity in XAGUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (17.44). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAGUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 18.16 TP2= @ 18.70 TP3= @ 19.629 SL= Break below S2
OANDA:XAGUSDLong
by ForecastCity
8