Xagusdanalysis
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.
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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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💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 19.65, resumption of uptrend is expected.
We make sure when the resistance at 26.20 breaks.
If the support at 19.65 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
While the RSI resistance #2 at 64 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 22.85 on 10/06/2020, so more gains to resistance(s) 25.65 and maximum to Major Resistance (26.20) 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 53.
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💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 19.65, resumption of uptrend is expected.
We make sure when the resistance at 26.20 breaks.
If the support at 19.65 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
While the RSI resistance #2 at 64 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 22.85 on 10/06/2020, so more gains to resistance(s) 25.65 and maximum to Major Resistance (26.20) 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 53.
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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 42 - 12 Oct
M > Price moved bullish breaking several structural 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 daily candle has broken and surpassed daily support/ demand zone which now would have been a resistance. Next structure level is neck of M formation followed by daily supply zone.
As per COT SILVER saw addition of both Long and Short, increasing net positions whereas Commercials saw lowest Long Position for this year, making Silver improving its position for the said week. Silver has gained more strength last week.
4H > We do not see any loss of momentum at close of market and expect price to continue with upward move to test our target and complete M formation.
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 - At the request of the publicSilver is not an easy market. It depends of many factors. Precious metal so most of the time follows gold. Industrial metal so it follows stocks as well. And as most assets the dollar determines its movement.
Right now I think the significant part of silver damage in this intermediate decline is done. The decline started at 30$ and it dropped down to 22$. It was nearly 27% move.
If you take a look at the XAUXAG ratio:
you will notice that not so much left for XAUXAG to tag the 200 SMA.
I don't think it will go much higher than that level. It might or might not tag the 200 SMA. For an outperforming silver decline we need the XAUXAG ratio trending higher . If it's going sideways or drops gold's decline will outperform silver's decline.
That's the reason I suggested to switch from silver shorts to gold shorts. I think the gold drop from this point will be more severe ...
Even if silver's drop slows down I still think we are going to tag the 200 SMA in October. There is also a good chance that silver will backtest the breakout level at 18.7$.
Watching the weekly charts
the maximum where this retrace can go is the 100 and 200 SMA at 17$.
I don't see any realistic chance that silver will go lower than 17$ .
JPM likes to cause a flash-crash in silver before the bull trend continues. If you have a short position I would set a take profit between 17 and 18$. If an overnight crash is coming better to take profit with the banksters...
Will SILVER Collapse or Surge from here?Here, In the beginning, the trend was incremental. But after making a sharp peak, it converted into the descending one.
It started to increase by making arc-shaped strong support and fell from the peak.
The trend made an ascending triangle between the support trendline and resistance trendline.
If from the last candle of an ascending triangle, It moves in the upper direction, there will be an ascending trend, and the targets will be 26.4186 and 27.3800 .
But if it will fall after the ascending triangle, There will be a downtrend.
And targets will be 21.2500 and 20.2686 .
XAGUSD H3. This Analysis Based On Price Action Theory.We Have an Analysis Of XAGUSD H3. This Analysis Based On Price Action Theory.
According to Multiple Analysis, We Can See That the Market has a Bullish Direction Even those market prices make a double top 🔺This indication of sell but due trend line or previous support we consider & For this We have Two ✌️ Target (Resistance) Area Around @24.117 & @24.400
For More Confirmation, You can see that Bollinger Bands, Fib Retracement & Super Trend The all are reflected Market Bullish Pattern
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.
Thanks
Regard
Enclavefx technical group
Cam Silver offer us a clue?Today I've closed my short trades on Gold on 0 for one simple reason, I don't understand...
And turned to Silver for a clue... and the situation looks more clear here.
Silver found a bottom on 21.60 marked by a clear and nice pin bar. Since then, silver put in H-L on our chart and mow is trading in resistance.
I believe we will have an upbreak and the next target is 26.
Also, a long trade for this asset could have a 1:2 R:R