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XAG USD ( Silver / US Dollar)

Strifor || USDJPY-17/05/2024Preferred direction: SELL Comment: The Japanese yen , like the franc in the past, perfectly worked out all our previous trading ideas. Sell-priority for the American currency remains, and at the same time, for the USDJPY currency pair we also expect a fall to the level of 153.222 . Here we consider two scenarios. Scenario №1 involves shorting from the resistance of the downward channel, that is, selling at current prices. Scenario №2 is a preliminary growth before a fall to level 157 , where there is a liquidated zone and perhaps the market will want to test this area before the fall. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Strifor || USDCHF-17/05/2024Preferred direction: SELL Comment: Following our recent trading ideas, the US currency has strengthened slightly. This should not be confusing as the bearish potential for the US dollar remains. Also for the franc . Not long ago we held shorts to the level of 0.90108 . This time we also consider this level as a target and most likely the instrument will begin to fall as much as possible from current prices (scenario №1) . Less likely scenario №2 involves a fall from the level of 0.91424 , this deal will be more conservative. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
5
Strifor || AUDUSD-16/05/2024Preferred direction: BUY Comment: AUDUSD is also on the buy list. This currency pair is also one of the most promising for short-term buyers. Most likely, growth will begin as much as possible at current prices (scenario №1). Here we have a good local upward trend, towards which we are considering trades. One can also consider going long from the level of 0.66460 , or rather near this level (scenario №2). We fix the growth target at the round level of 0.67500 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
3
Strifor || NZDUSD-16/05/2024Preferred direction: BUY Comment: Buy-priority is also relevant for the New Zealand dollar . Most likely in the very near future we will once again go for maximum updates. The growth target is considered at the level of 0.61670. The most likely scenario, as we have outlined, is an increase from current prices (scenario №1). One can also consider growth from support 0.60713 (scenario №2). Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || SILVER-14/05/2024Preferred direction: BUY Comment: Against the backdrop of the upcoming news week, metals in particular are best viewed from a medium-term perspective. Here, for silver , the most likely scenario seems to be the formation of accumulation and then growth towards a local maximum of 30 exactly ( scenario №1). We also designate Scenario №2, and it is mainly necessary as a plan B in case of increased volatility, which is likely to happen. The best thing, in our opinion, would be to find a long entry point using a breakout strategy at the level of 28.69664. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAGUSDLong
by Strifor
1
Bitcoin Holds Support After US CPI PrintThe US dollar is showing a notable downturn after today's CPI figures were released at 3.4%, down from the previous 3.5%. This reinforces market sentiment that the Fed is unlikely to hike rates, especially after comments made by Powell yesterday. This scenario supports a risk-on environment, especially considering the bearish Elliott Wave structure in the US yields, suggesting further declines. This backdrop implies that other assets could rally. For instance, Bitcoin has seen a significant bounce, finding support at crucial trend lines, and can be poised for higher levels if HS neckline near 66k is broken . Similarly, Nvidia and silver also show potential for gains in the coming weeks. However, building intraday trades at this juncture can be challenging due to potential setbacks before the market continues in the direction of dollar weakness. If you found this analysis helpful, please leave a comment below, like this video, and consider sharing for more updates in the future. Grega
CME:BTC1!Long
by ew-forecast
Strifor || GOLD-Week StartingPreferred direction: BUY Comment: As a result of last week, gold showed local growth and closed above the level of 2343.869 . This trend is likely to favor buyers, especially in the short term, as we expect the publication of US inflation data on Wednesday, which is likely to particularly affect short-term trends. You need to take this into account and be careful. Such a metal closed above 2343.869 , then this level can be counted as support and further growth to the historical maximum of 2431 can be expected from this area and above (scenario №1). Scenario №2 also involves entering from the indicated support, but through a false breakout. The target in both cases is the same. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
5
Strifor || GBPUSD-Week StartingPreferred direction: BUY Comment: According to the British pound , buyers continue to fight for the support area at the 1.25000 level, which is the key area at the moment. For the coming week, the buy-priority will remain relevant, but you need to be careful, especially in the middle of the week, when US inflation data will be published. The likely best option for entering a long position is a trade on a breakdown of the level of 1.25396. This level is a local resistance, and if it is overcome, buyers can count on growth at least to the level of 1.26300 (scenario №1) . An alternative option is scenario №2 , where exactly the same breakout transaction is expected after testing the area of 1.24500 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Silver H4 | Resistance overhead?Silver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 28.68 which is a pullback resistance. Stop loss is at 29.15 which is a level that sits above a pullback resistance. Take profit is at 27.63 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAGUSDShort
by FXCM
XAG/USD has a strong bullish momentum, could it rise further?Price is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 27.69 Why we like it: There is a pullback support level which aligns with the 38.2% Fibonacci retracement. Stop loss: 27.09 Why we like it: There is a pullback support level which lines up with the 61.8% Fibonacci retracement. Take profit: 28.74 Why we like it: There is a pullback resistance level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAGUSDLong
by VantageMarkets
Strifor || AUDUSD-10/05/2024Preferred direction: BUY Comment: In the second half of the week, the main trading instruments finally began to move in the directions we had previously indicated. For the Australian dollar, today we can expect the previously set target at 0.66460 . At the moment, both scenarios are activated, of course, the most effective, as expected, is scenario №2. One can also consider a goal slightly above the level of 0.66460 , but one should not set the target too high, for example close to the level of 0.67000, as there is a high probability of a medium-term downward reversal. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || GOLD-09/05/2024Preferred direction: Neutral Comment: As we expected at the beginning of the week, metals are mostly standing still. In addition, we talked about a likely fall, and the mood associated with it only strengthened in the second half of the week. The most likely scenario №1 looks in favor of the seller, and here an approach to the level of 2250 is expected. If this scenario is realized, a fall to 2200 and 2150 , where the liquid area is located, can be expected. Scenario №2 is less likely and assumes the short-term strengthening of buyers. However, in the more medium-term, even after updating the all-time high, gold prices are likely to go down to 2200 and 2150 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSD
by Strifor
1
Strifor || USDCHF-08/05/2024Preferred direction: SELL Comment: Against the backdrop of a calm week on the economic calendar, the US dollar is trying to strengthen, but this is likely to change in the near future. We continue to consider short-term sell priority for the dollar. Considering the USDCHF currency pair, the most conservative is at the level of 0.91424 (scenario №1) . However, it is permissible to look for entry points into selling starting from the current ones. Also, as an alternative scenario, in the case of more aggressive behavior by buyers for this instrument, shorts will be considered after a false breakout of the level of 0.91424 (scenario №2). Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Strifor || AUDUSD-07/05/2024Preferred direction: BUY Comment: The current situation for the AUDUSD currency pair continues to develop in favor of buyers, and against this background, we are considering a short-term long from the level of 0.66000 . In the recent past, this level was the growth target for a medium-term deal. This level is currently support. The most likely scenario №1 assumes an increase from current prices, and our target is at the level of 0.66460 . Scenario №2 is less likely. In this case, of course, one needs to be careful, as a sharp imbalance may be in favor of the seller. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1