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XAG USD ( Silver / US Dollar)

⚡️Strifor || GOLD-08/02/2024Preferred direction: BUY Comment: The situation for gold is less clear, unlike the main currency pairs, but everything still looks more towards the bulls. Today we highlight two long scenarios. Scenario №1 is a shorter-term option, which assumes a preliminary false downward movement, after which it returns again above the level of 2030.874 . Here the stop loss you need to use will be small, no more than 400 points . Scenario №2 is more medium-term, assuming a re-test of the 2000 level. The growth target in both cases is the area around the 2060 level. Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
1
⚡️Strifor || GBPUSD-08/02/2024Preferred direction: BUY Comment: Just like for the euro , we maintain the buy-priority for the British pound . Here the transaction has already been moved to breakeven, and scenario №2 is no longer relevant. At the moment, after fixing part of the profit and transferring it to breakeven, one can consider the target at the level of 1.28000 , since there is still potential for growth. The news background this week is less intense, so today the main events are only initial jobless claims. Thank you for like and share your views!
Long
by Strifor
3
⚡️Strifor || EURUSD-08/02/2024Preferred direction: BUY Comment: Today, the mood in favor of buying the euro is still relevant. Half the way to the target has already been passed. It should be noted that the current week is not rich in news; today the most important event, surely, is the initial jobless claims . In general, one can count on more or less active movement only during the American session. Regarding the goals, nothing has changed. The area around 1.09000 is where the buyer is heading, and we begin to fix the profit already at 1.08500. Thank you for like and share your views!
Long
by Strifor
1
⚡️Strifor || USDJPY-07/02/2024Preferred direction: BUY Comment: How it happens lately, the Japanese yen stands out among all its main competitors (majors), and here we continue to expect the price to approach the level of 150 . There are no specific entry points now, so we identify this transaction as a medium-term one. Due to the economic situation in Japan , it is very likely that this year it is unlikely that anything will change in favor of the yen and the growth of this pair will continue. It is mainly expected that the instrument will trade near and above the 150 level. Thank you for like and share your views!
Long
by Strifor
1
⚡️Strifor || USDCHF-07/02/2024Preferred direction: SELL Comment: In the middle of the current trading week for the USDCHF currency pair, we will also consider selling. We highlight scenario №1 as a short-term entry option and scenario №2 as a medium-term scenario. It would be best to consider two scenarios at the same time and place a stop loss no lower than the resistance level of 0.87757 . In any case, the target for the fall is located at support 0.85696 . The main triggers for entering a sale are the formed context in terms of volume analysis and, surely, accumulation in the balance format with the presence of false movements. Thank you for like and share your views!
Short
by Strifor
3
Silver- Genuine reversal?Two days ago, I said that OANDA:XAGUSD is trading in important support and, in the eventuality of a break, the price could fall further and could drop to the next important support level. However, after flirting with 22.20-22.30 zone support, the price reversed strongly yesterday, leaving a large Bullish Engulfing candle on our chart. This price development could represent a sign of reversal and we could have continuation to the upside. As long as the horizontal support stays intact, buying dips is my preferred strategy with a target at the next important zone at 23.30-23.40
OANDA:XAGUSDLong
by Mihai_Iacob
⚡️Strifor || EURUSD-06/02/2024Preferred direction: BUY Comment: This week the news background is calmer than the previous one, which allows you to work more on technical analysis. A reversal of the US dollar is on the agenda. And for the euro , accordingly, we expect growth towards the level of 1.09000 . Closing the price above 1.07600 will automatically activate an upward impulse towards the level of 1.09000. We actually expect this development of events. In addition, we highlight scenario №2 , in which a false breakdown of the local minimum at the level of 1.07250 is assumed before growth. Thank you for like and share your views!
Long
by Strifor
1
Sideway corrective pattern to complete the second waveDear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. The first analysis is Litecoin In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely,
PEPPERSTONE:XAGUSDShort
by mehdi47abbasi79
⚡️Strifor || GOLD-06/02/2024Preferred direction: Neutral Comment: The previous short trading idea worked out completely, and the take profit was fixed. Today, metals behave more uncertainly than currencies . Nevertheless, we will consider two scenarios for the development of events in gold, which are still more directed in favor of the bulls. The more likely scenario №1 says that the metal will mainly move within the 2016-2040 range. Scenario №2 involves buying from the current level, as well as after a false breakout of the 2016 level. Here, one can consider not only the 2040 level as a target, but also try to take profit higher. Thank you for like and share your views!
OANDA:XAUUSD
by Strifor
1
⚡️Strifor || USDCHF-26/01/2024Preferred direction: BUY Comment: According to our previous analysis on USDCHF , we are in buy-priority (scenario №2) . There are no changes to make us change our minds. We expect that today, before the weekend, the instrument will pass most of the intended path to the goal, and the best option would be to close the deal before the start of the weekend. We remind you that the target is at the level of 0.87757. Thank you for like and share your views!
Long
by Strifor
1
⚡️Strifor || NZDUSD-06/02/2024Preferred direction: BUY Comment: The RBA's decision on the interest rate will also most likely have an impact on the New Zealand currency, to a lesser extent, surely, but potentially, since the economies of New Zealand and Australia are closely related and are neighbors. However, we are considering longs for this instrument in the medium term, regardless of the RBA’s decision . Two long scenarios are depicted on the chart. Here, it would be preferable to gain a position by gradually moving the stop-loss beyond the level of 0.60144. The growth target is located at resistance level 0.61263. Thank you for like and share your views!
Long
by Strifor
1
Silver could break under supportSince the start of December 2023, OANDA:XAGUSD has been clearly trending downward, establishing lower highs on our chart and pressing in the 22.00-22.15 support zone. However, despite yesterday's positive performance for OANDA:XAUUSD , Silver remained largely unchanged, further reinforcing this bearish outlook. The overall structure maintains its bearish trajectory as long as the price remains below the 23 zone. Regarding targets, the support at the 21 zone presents a favorable risk-to-reward ratio if we choose to sell rallies above 22.50.
OANDA:XAGUSDShort
by Mihai_Iacob
SILVER POSSIBLE ANALYSISAfter price has been breaking higher highs and respecting higher lows on higher timeframe, it was evident that price was in a bullish trend. Price has just recently retraced and mitigated a higher timeframe demand, and zooming down to our 4h timeframe, we see that price gave us a shift in market structure for bearish to bullish trend. Price has just now tapped a demand zone on which it could use to push to the upside to take out the recently formed high
OANDA:XAGUSDLong
by BlackTygaTrades
⚡️Strifor || GOLD-NFP❗️Preferred direction: SELL Comment: After a short-term successful growth, longs for gold were also fixed and now, like for the main currency pairs, we expect a fall. Here everything is a little simpler and the main idea is to update local maxima as well. The first scenario assumes an approximate reversal at the level of 2070 , and the second - at the level of 2080 . But it cannot be ruled out that the price will fall right at the time of publication of data on NFP without the expected update of the highs. To do this, you can place a pending order below the price in front of the NFP itself. The approximate fall target is 2030 - 2040. Thank you for like and share your views!
OANDA:XAUUSDShort
by Strifor
3
Expert Predictions on Where SILVER Prices are Heading Next📌Usually, silver is considered as the second safest capital after gold, and due to the escalation of war tensions, it can be considered as a safe asset by investors. 🎯 From a technical point of view, silver can continue its upward trend in the four-hour time frame after the formation of the BULLISH GARTLR harmonic pattern. In general, the scenario is reinforced that silver can rise to the middle level resistance of the Andrews fork in the range of $25.91, provided it maintains the support of $22.43.
OANDA:XAGUSDLong
by arongroups
4
SILVER On The Rise! BUY! My dear friends, Please, find my technical outlook for SILVER below: The instrument tests an important psychological level 22.689 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 23.081 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDLong
by AnabelSignals
1
SLV: Bullish Head and Shoulders and Piercing Line on the WeeklyThere is a Bullish Inverted Head and Shoulders with a Piercing Line on the potential Right Shoulder visible on the weekly timeframe above the 800-week EMA who's measured move would take it all the way up to the 1.272 Fibonacci Extension if the pattern plays out. The move up in SLV should be supported by the rising of the TLT and Falling of Yields (if that trend should continue). I will be getting the ITM Calls, expiring April 19th.
AMEX:SLVLong
by RizeSenpai