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Xagusdanalysis

SILVER - Easy RiderWhile Gold printed a big rally in May and June, Silver was just lagging. The XAUXAG ratio near to all time highs. I think it's time for Silver to catch up and make a huge rally in the second daily cycle of this precious metal intermediate cycle. Silver's ICL occured on the 20th of May while Gold's ICL was on the 2nd of May, so it printed the ICL 3 weeks later than Gold. It seems the DCL was just a flag on the Silver chart. The XAUXAG ratio should drop down to 86 in the following weeks. Silver might test the 17-17,5$ zone by September overperforming Gold in this second daily cycle.
FX:XAGUSDLong
by chartwatchers
5
XAGUSD Silver, ready for a correction?After an impressive bull run, Silver had a very indecisive day on Friday printing a huge sideways candle. This could lead to a correction move to retest the 15.6 level that was broken without a retest. We also see that RSI has entered overbought territory. That, by itself means nothing but after that clean bullish move could mean that the price needs some oxygen before continuing running. Lets look at the 4H chart: I felt artistic and decided to hand draw the Price Action I am expecting to see :)) The price sky rocketed from 15.18 resistance area all the way to 16.6 where bears started to take control. This could well be profit taking on a Friday but could also mean that the price is correcting. The price has been overbought for a while and retesting the 15.6 level or even the 15.18 level would be a healthy sign. This being said 16.11 is a very important area. If the price breaks below, it will be my signal to get ready to jump into that corrective move. I will be looking at exact entry and exit points when/if that happens. Do you think Silver will continue its bullish run or not? Please let me know in comments!
FOREXCOM:XAGUSDShort
by MicKi
XAGUSD approaching support, potential for a bounce! XAGUSD is expected to drop to 1st support at 15.11395 where it could potentially react off and up to 1st resistance at 15.35743. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
OANDA:XAGUSDLong
by Pepperstone
1
A trading opportunity to buy in SilverMidterm forecast: While the price is above the support 14.80, beginning of uptrend is expected. We make sure when the resistance at 16.20 breaks. If the support at 14.80 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 15.55 on 06/21/2019, so more losses to support(s) 15.30, 15.15, 14.95 and minimum to Major Support (14.80) 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 63. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (14.95 to 14.80). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (14.95) Ending of entry zone (14.80) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 15.15 TP2= @ 15.30 TP3= @ 15.60 TP4= @ 16.20 TP5= @ 17.20 TP6= @ 18.10 TP7= Free
FOREXCOM:XAGUSDLong
by ForecastCity
4
A trading opportunity to buy in SilverMidterm forecast: While the price is above the support 14.80, beginning of uptrend is expected. We make sure when the resistance at 16.20 breaks. If the support at 14.80 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 15.55 on 06/21/2019, so more losses to support(s) 15.30, 15.15, 14.95 and minimum to Major Support (14.80) 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 60. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (14.95 to 14.80). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (14.95) Ending of entry zone (14.80) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 15.15 TP2= @ 15.30 TP3= @ 15.60 TP4= @ 16.20 TP5= @ 17.20 TP6= @ 18.10 TP7= Free
FOREXCOM:XAGUSDLong
by ForecastCity
6
XAGUSD approaching support, potential for a bounce!XAGUSD is expected to drop to 1st support at 15.11395 where it could potentially react off and drop down to 1st resistance at 15.35338 *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
OANDA:XAGUSDLong
by Pepperstone
XAGUSD - Metals Trading | Elliott Wave Structures I Q2 2019*If you like this idea please support it with a like so I can publish more. Thanks! More details about me in my signature. XAG/USD - Elliott Wave Outlook Bullish Swings - Patterns: ABC Swing in Primary X (purple) Leading Diagonal in Intermediate (A) (blue) Expanding Flat in Intermediate (B) (blue) Ending Diagonal in Intermediate (C) (blue) Bearish Swings - Patterns: ABC Wedge Formation in Intermediate (A) (blue) Next expected swing: Bullish sequence in Intermediate (B) (blue) Structure change: A breach of the lower trend-line from the Ascending Channel could result in more weakness ahead
OANDA:XAGUSD
by Lionheart-EWA