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Xagusdlong

XAGUSD approaching resistance, potential drop! Price is approaching our first resistance (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop to our first support at 14.58 (horizontal swing low support) might occur. Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAGUSDShort
by easyMarkets
XAGUSD approaching support, potential bounce! Price is approaching our first support at 14.3904 (horizontal overlap support, 100% Fibonacci extension, 78.6% Fibonacci retracement) where we might see a strong bounce above this level to our major resistance level at 14.80 (horizontal pullback resistance, 23.6% Fibonacci retracement). Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAGUSDLong
by easyMarkets
XAGUSD appraoching resistance, potential drop!Price is approaching our first resistance at 14.87 (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 14.61 (horizontal swing low support). RSI is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAGUSDShort
by easyMarkets
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.53 (50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where a strong drop might occur below this level pushing price down to our major support at 14.73 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAGUSDShort
by FlowState
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.53 (50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where a strong drop might occur below this level pushing price down to our major support at 14.73 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAGUSDShort
by Tickmill
XAGUSD approaching resistance, potential drop!Price is facing bearish pressure from our first resistance at 15.09 (61.8% Fibonacci retracement, Horizontal swing high resistance, 100% Fibonacci extension) where we can expect a further drop to our major support level at 14.79 (61.8% Fibonacci retracement, Horizontal overlap support). Stochastic is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAGUSDShort
by easyMarkets
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.09 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 14.78 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAGUSDShort
by TradeGATEHub
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.09 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 14.78 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAGUSDShort
by FlowState
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.14 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 14.86 (61.8% Fibonacci extension, horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAGUSDShort
by FlowState
USDCAD approaching resistance, potential drop! USDCAD is approaching our first resistance at 1.3399 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.3339 (horizontal swing low support, 50% Fibonacci retracement). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
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.
FOREXCOM:XAGUSDLong
by Coin_Analyst
XAGUSD approaching support, potential bounce!XAGUSD is approaching our first support at 14.83 (horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 15.30 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAGUSDLong
by easyMarkets