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
Xagusdanalysis
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.
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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
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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.
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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
XAGUSD H4. This Analysis Based On Price Action Theory.We Have an Analysis Of XAGUSD H4. This Analysis Based On Price Action Theory.
Pair is looking completely strong and heading to the north side full of bullish momentum. The swings are making successively higher highs and higher lows on the hourly and 4 hourly charts. Pair is trading above all the major and minor EMA lines which are favoring the bulls and heading towards the north side. RSI and MACD indicators are also favoring the bulls and heading to the north side full of bullish momentum. We will keep our view bullish on the pair as long as 23.80 level remains intact. Odds are in favor of bulls. The $25.00 level is the next arrival of bulls and a valid breakout of this level will open the way towards the $25.30 and $25.70 level.
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
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shivamfx Technical Team
Note- Please Take Only Two ✌️ 2% Risk On Given Analysis
XAGUSD (SILVER) SELLING FROM RESISTANCE ZONE !!! As we see Silver is rejecting from this zone so we are sell this pair with proper low risk and higher rewards
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XAGUSD Major trend line was broken along with a DojiXAGUSD
Has following the same path as GOLD as its got some rejection around 1.25560 a Bearish engulfing candle was formed and felled towards 23.879 a s the USD got some major BID in recent days. The major redline was broken on October 13 with strong bearish candle along with a doji candle.
The price was bounced from 23.875 and approached towards 24.600 level which is a .618 Fibonacci level and in morning session even XAUUSD felled below the .786 Fibonacci level as its currently trading in a range we may expect downward play as The stimulus talks are getting weaker day by day which will strengthen the USD and in turn XAGUSD will fall. And the downside target would be 23.414 which is a 1.272 Fibonacci level
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