Xagusdanalysis
Silver- under 20 till year's end?Like gold, silver fell aggressively Monday after the vaccine was announced.
The price stopped falling just under 24 and into the uptrend line support, recovered some of the losses after and now is consolidating.
The chart structure is very bearish as long as the price stays under 25 and I expect it to break under support.
Such a break could drastically accelerate losses and we can see Silver dropping under 20 figure.
A sell trade with a SL above 25 could have a GREAT R:R of at least 1:5
SILVER XABCD-CYPHER will give us 17% account growthSILVER-xagusd
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⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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Detailed analysis 💬
1️⃣ Strong break through the 25.00000
2️⃣ XABCD Cypher pattern-Bullish sign
3️⃣ Broad weakness of USD,USA election results outcome
4️⃣ 26.00000 Dynamic support and resistance
5️⃣ Price reached October high
6️⃣ 25.00000 will Acted as strong support
7️⃣ Technical support - Bull
8️⃣ 27.00000 acted as key reversal-bullish
9️⃣ October high-Immediate resistance-Alternative bearish entry
🔟 Possible swing target-29.00000-major psychological level
#️⃣ Overall bullish trend
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📉 Technical bias-H4-Bullish
Price Above 50,100,200 Exponential moving average
Relative strength index - Reached 70- overbought condition short term fall back expected
MACD -Turned green and well above signal line, oscillators pointing upward
Stochastic - Reached 75- overbought condition short term fall back expected
Ichimoku cloud -cloud is turned green-Price is above the cloud-Middle line support
Bollinger band- Price reached around the upper band-Short term bearish correction towards middle band
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Key reversal area's
25.00000 psychological level
22.60000 October month low
25.60000 October month high
25.60000 50% Fibonacci retracement level
30.00000 Major psychological level
24.75000 Possible entry- Bull
27.00000 psychological level/Trendline resistance
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Bullish entry #silver #xagusd
Entry price - 24.80000
Take profit 01 - 26.00000
Take profit 02 - 27.00000
Take profit 03 - 29.00000
🚫 Stop lose 24.20000
⬆️ 17% Growth expected
⤴️ Account growth 2.4 : 16.96
✅ Risk reward ratio 1 : 7
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Looks Bearish StillThis is my first time looking at silver. And it still looks bearish overall according to the higher timeframes. I'm still marking up all the levels of this chart for future teammates. So pay attention to the levels I found on the 4hour. They could be hints where a key level or two is right now.
BULL TPS:
• 23.766
• 24.511
• 25.372
BEAR TPS:
• 23.257
• 22.688
• 21.846
SILVER XAGUSD analysis 05 Nov 2020Hi Assalam-o-Alaikum , Dear GooD Afternoon Hope you are well and enjoing your trading , i'm here with my new analysis of SILVER
SILVER XAGUSD analysis 05 Nov 202 0
I hope my analysis will help you in your trading best of luck
share your point of view about SILVER in Comment section , Thanks
OANDA:XAGUSD
FOREXCOM:XAGUSD FX_IDC:XAGUSD
SILVER - XAGUSD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of SILVER - XAGUSD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 43 - 19 Oct
M > Price moved bullish breaking several structure levels to stop at monthly support now turned resistance and moved down for correction. After a huge impulse we expect price to retrace till 0.382 or 0.5 Fib levels on last impulse. Both levels coincide with monthly resistance which now act as support.
W > Price dropped in between 0.382 and 0.5 level with weekly candle closing at 0.382 level, this level coincides with daily demand zone. Since then price is making upward move. We can see an M formation and expect price to continue with upward move to test neck and complete formation. Neck is few pips below daily supply zone created during last consolidation.
D > Price is creating HH and HL on its way up and with impulsive candle had broken and surpassed daily support/ demand zone turned resistance but dropped to create next LL. Price is moving in a triangle.
As per COT SILVER saw addition of both Long and Short, but net positions reduced slightly whereas Commercials again saw lowest Long Position for this year, with improvement in open interest Silver enhanced its position for the said week. Silver however weakened last week.
4H > Price is making HH and HL and is facing rejection at resistance created by 4H supply zone. Due to its correlation with Gold we can expect price to drop before continuing its upward move for our target. It can drop to test 0.382 Fib level again.
Pair Correlation > Silver has positive correlation with EURUSD, EURJPY, AUDUSD, AUDCAD and Gold and negative correlation with USDCHF.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions.
Thank You
AP17FX
Silver , XAGUSD ANALYSIS 27 OCT 2020Silver , XAGUSD ANALYSIS 27 OCT 2020
Currently market @ 24.435
as we can see in chart H4 market breakout the trent channel and now its pull back , from this level market confirmed sell
Hope you like my analysis
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FOREXCOM:XAGUSD
OANDA:XAGUSD
FX_IDC:XAGUSD
CURRENCYCOM:SILVER
A Final Test?Hello everyone :)
Since silver is actually a volatile instrument, it is not an instrument I frequently analyze. However, I wanted to share this analysis that I made on request. The parallel with the Gold analysis I shared the previous day is at a high level. When we look at it, it is very possible that a small impulse movement will come up to the place I have shown in the graph. Therefore, the stoploss point of sales to be made around 23.84 should be 25.75. 22.40 point is a good point to take profit.
If you like my charts and want more analysis, I need your motivation. Support me please :) Don't forget to follow and like.
Good luck :)
Silver- Back to 23 soon?As always, Silver is more "Technical", easier to read and more straight forward than Gold...
After the drop to 22, the price rose in a clearly corrective way, overlapping
Now the price lies just above confluence support and I believe (As for Gold) that this support will fall and the price will drop.
My target for Silver is 23 and a sell trade with a SL above 25 can have a R:R of more than 1:2