Xagusdanalysis
SILVER - Buy at the lows Silver is starting to turn, look for buys at the lows.
Breaking out form the current structure will mean new highs are coming otherwise still possible to make one leg down.
XAGUSD longHi traders,
after a higher high and a higher low we can see now a confirmed uptrend on this pair.
So go with the trend and go long.
I wish you a good trading week.
Your Stefan Forex
Silver BuyJust my opinion on what market might currently be doing. Enter and exit at your own risk.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
XAGUSD (Silver) Analysis: Bullish Chart Pattern A breakout and price close above 16.202 is bullish for Silver….bullish price swing should last for weeks to months.
The Daily timeframe is examined in today’s XAGUSD analysis with coverage from price peak of 21.00 on July 1, 2016 to current date. The major trend in Silver ever since its peak of 21.00 is bearish. The chart pattern that is of consideration in this analysis is the falling wedge chart pattern (diagonal).
Another chart pattern that would also be valid for price action in XAGUSD is a bearish price channel. In either case, a bullish breakout upon confirmation is ideally anticipated. Further discussion will focus on the use of a falling wedge in conjunction with other important aspects of the chart annotation.
The 50 day and 200 day moving average of XAGUSD is used to help maintain proper perspective in price action with XAGUSD currently consolidating at the 200 day MA. A break below the 200 MA is bearish and could possibly trigger more selling, with a close below 14.52 increasing the chances of XAGUSD testing the lower boundary of its falling wedge.
16.202 and 15.594 are indicated on the chart as immediate resistance price levels in XAGUSD. The most conservative strategy to go long (buy) involves buying on a breakout above 16.202. Less conservative strategies would seek to buy prior to confirmation or price close above the upper boundary of the wedge.
A great advantage of understanding chart patterns is their forecasting ability. Assuming the use of a bearish price channel for example, the width of the channel can be used for a bullish silver forecast long term once price closes above the upper boundary of the channel. Such projection would be the minimum price anticipated for the bullish swing with the trade expected to last for weeks to months.
SILVER - Bearish behaviourGood weekend everyone,
WEEKLY:
As we can see on weekly timeframe, silver is been on a big descending triangle since 2016 and failed to break the descending trendline 7 times so far.
If you check the last weeks volume up-wave, its decreasing, maybe there is no interest on buying silver yet? The price closed the week below 50ema weekly.
DAILY:
After the rally upward, silver failed to keep creating new HH (chech RSI bearish divergence) and HLows and now is struggling around fibo retracement zone.
4H
Ok see these last green candles on the yellow circle? low volume say : no demand.
So overall, silver looks bearish so far and a break below current low can trigger a short opportunity with good RxR targeting the bottom of the big triangle, first support zone would be around 14.65 usd.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
SILVER TECHNICAL SETUP - RISING WEDGEWait for the break and close of the wedge to enter to sell. Move Stop Loss to break even after the first target is hit ( First Traget = First Arrow ).
XAGUSD - Bullish Minor 5 - March Wave Counts - Part 3If you like my work, please support me with a like.
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Many pips ahead!
XAGUSD // Silver Midterm OutlookHello traders! Today we take a look at XAGUSD // Silver within the forex markets.
Currently price has shown us a strong rebound off of our Weekly EQ level forming a Demand Pivot on HTFs.
I would like to see price re-test our Supply area for a rejection @ our EQ at 15.980 to pave the path towards new lows towards our EQ level and thus wiping out liquidity where we can see accumulation occur for XAGUSD.
A break above this EQ level with a strong HTF close will shift bias towards the upside towards our Daily Supply level for Silver.
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Silver. Posible doble bottom w bull dvg in rsi + (maybe) macd .Posible doble bottom w bull dvg in rsi + (maybe) macd in this 2h-chart. Macd in this 2h has crossed down at 0-line, this has to cross back up above again, for any significant rising to happen. One fib is at 1.618 at this bottom, and a bigger fib 0.5 (the hole move up from bottom in 2018), is also around here. It's at the bottom in a rising channel. Cross our fingers here.... bc it's not written in stone yet :)
DONT READ THIS!!!!!We have our target zone ( green box ) marked out ready for price to park itself in, this zone has been used as key support and resistance before as you can see.
Silver has been in a downtrend market since mid may 2016 and we can see this continuing until our target is hit, and as you can see from the bearish candles last week and this week there is still a lot of selling power around, after our target is hit we can see a lovely bullish market come into play as the US economy goes into recession.
What are your views on this trade? comment below.
SILVER LINING marked on the chart ( green line ) we have a key support level on the monthly, weekly and daily timeframe, we can see this been re tested again as price has made a nice bearish run the past week.
So we will be in a sell until we get to this level, you have to have patience in this game otherwise it will beat you up ( I am talking from experience haha )
XAG/USD: Double Bottom & Double TOP BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
XAG / USD - Silver Midterm OutlookHello Traders, today we take a look at XAG / USD - Silver
Price has broken below an important Daily S/R level in which we can expect our next target Support to be 15.33.
From here, we will monitor price action for a run towards our Daily S/R once again, or a breakdown for Silver to our Range Low of 14.30~
Twitter - Telegram - Signals
SILVER: XAGUSD Looking Bullish Caugth Next impulse !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
XAG/USD - Temporary ShortXAG/USD has been in a consolidation zone since the beginning of January.
Although, the long term trend is bullish, we may have a little dip as the bulls take in their profits.
Risk no more than 1%
Trade safe.
XAGUSD Approaching Resistance, Potential ReversalXAGUSD is approaching its resistance at 14.49 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could potentially reverse down to its support at 14.30 (38.2% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could potentially occur.
Silver Back At the Topside of The TrendLike gold, silver surged the last two weeks amid a global stock market correction. Now price is testing final resistance level of the trend. Follow the performance of the stock market & bonds closely, as a recovery in these assets will be very bearish for gold.
Trade Step-ups:
Bearish Reversal: Price rejects a breakout from the current trend. Profit levels to look for are 14.45 & 14.30 respectively.
Bullish Breakout: Price breaks from current trend channel, look for consolidates above 15.00.
Buy Silver Long Term - XAG/USD BullishWith the current situation going on in the world with trade wars among the highest economies and NATO and Russia kicking off some of the largest military exercises since the end of the Cold War, we can expect the price of metals to increase for the next few weeks as people would cash out their money from their banks and invest in a commodity because of the current uncertainty of the ongoing situation. breakingdefense.com
From the technical analysis side, XAG/USD is at its lowest since 2009. It hit this level 3 times since then. Once in 2015, next 2017 with its sudden crash and finally now.
It has been retaliating its bearish trend since half September and is currently trying to find support on top of the 50 EMA.
As it's in consolidation between the 50 EMA and 200 EMA on the 8H chart, we can expect a big move to happen eventually. Most probably to the upside. Give it some more time to confirm it's support on top of 50 EMA (A day or more) and you can invest.
The same situation is clear for any other metals. Wether it's XAU/USD or XCU/USD, it is the beginning of the reversal of it's multiple months of bearish trend. Although, for XAU/USD we would need to wait for it to pullback and find support for it to continue up higher.
*My point of view on what is going on and the interesting opportunity to arrise with the increase in price of commodities.
Make sure to do your own analysis before making any investment and never solely on the opinion of someone else.
Trade safe.
XAG long opportunity / Inverse H&S patternOANDA:XAGUSD gives us a good long opportunity based on inverse head and shoulders pattern signification for bottom in mid term. Weekly MACD also turning bullish. Wee saw the strong price action last week also at OANDA:XAUUSD . It's a good opportunity take some long at 14.450 - 14.500 when we find support at 0.618 fibo retracement of last wave up.
Silver set to test $17Seems like a very good opportunity with excellent risk/reward to take long Silver right here. Target up to downtrend resistance of $17-17.25 range so good for about $3/oz upside. Should silver break decisively over $18 then there could be much more to the long side but one step at a time...
3 - XAG/USD - September FREE SignalsXAG/USD labeled in a complex structure, Double Three, where W is finalized and X performed with a false break-out.
Expecting a bullish swing to start.
