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Xagusdsignals

XAGUSD Critical Resistance test. Trade the break-outs.Silver (XAGUSD) gave a solid rejection at the top of the long-term Channel Down (see chart below) when we looked into it on July 21 2023: This rejection gave way to the creation of the current Bearish Megaphone pattern whose low got priced on October 04. This initiated the current bullish leg which tested the 1D MA200 (orange trend-line) and almost reached Resistance 1 (23.775). As long as this holds, the selling pressure will pile up to see if the 1D MA50 (blue trend-line) will hold. If it closes a 1D candle below it, we will sell and target 22.350 (top of Support 1 and above the 0.5 Fibonacci level). If on the other hand we close above Resistance 1 (23.775), we will buy and target the top (Lower Highs trend-line) of the Bearish Megaphone at 24.300. Note that the 1D RSI is testing its own Lower Highs trend-line. As long as it remains below it, the selling pressure will keep piling up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSD
by TradingShot
Silver- Bear trend is the name, sell rallies is the gameIn my Saturday video analysis, I said that Siver could drop and test the 21 zone. XagUsd dropped hard and even exceeded my target. After the low under 21, Silver started to consolidate and recovered some losses. The recent price action is carving a small double bottom on our chart that could lead to further gains. However, considering the strong down pressure, I do not recommend buying into correction but selling rallies above the double bottom's neckline A good place for searching entry signals is the zone between 21.50 and 21.80 The target could be set in the recent low zone at 20.80
OANDA:XAGUSDShort
by Mihai_Iacob
4
XAGUSD Rebounding on the 1W MA50. Buy.Silver (XAGUSD) gave a solid rejection at the top of the long-term Channel Up (see chart below) when we last looked into it on July 21 2023: The price hit on Thursday the 1W MA50 (red trend-line), which gave the previous short-term rally in mid-August. As long as it holds (closes weekly candles above it), we expect a similar rebound, thus turning bullish targeting the Lower Highs trend-line at 24.600. Only a closing above the 0.618 Fibonacci retracement level can justify further buying into a rally. In that case the long-term target will be 26.935 (Resistance 2). Notice the 1D RSI Rectangle formation, solid buy low/ sell high trades can be made within it. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDLong
by TradingShot
2
XAGUSD ) Long Term Trading IdeaHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAGUSDLong
by ForexPlanet20
Silver- will history repeat itself?As I said, before, I usually use XagUsd as a leading indicator for Gold, and more often than not, this is the case. Also recently, although XauUsd made a new low, XagUsd stopped its descent and reversed and on Monday the reversal was very strong, with the price slightly getting back above both the ascending trend line and the horizontal level followed by a clear up break the next day(yesterday) If we look back at March, we could see a similar pattern, we a double false break and strong reversal. With a renewed appetite for precious metals, we can expect price action to act in a similar way. Technically speaking, a false break leads to reversal, and also, the recent bottom is marked by a lot of reversal candles and candle formations. 23.25 is strong confluence support and considering a trade in that zone with a target in the next important resistance a trade with a 1:4 risk: reward could be achieved
OANDA:XAGUSDLong
by Mihai_Iacob
5
XAGUSD Massive success on last trade now looking for the next!Silver (XAGUSD) gave us a very successful sell trade on our last analysis (see chart below) on April 12: The price rebounded right before hitting the 21.715 Pivot because it touched the 1W MA200 (orange trend-line). Even though May's rejection was done at the top (Lower Highs trend-line) of the Channel Down that started in August 2020, we may witness the break-out above this bearish structure finally as since the August 29 2022 bottom, a Bullish Megaphone and later a Channel Up are guiding the price action. On top of that, Silver is completing the first 1W Golden Cross since May 2020. In any case we will not jump on this impulsively but rather wait for a clear bullish break-out signal, which will be if a 1W candle closes above the Lower Highs trend-line. In this case we will target Resistance 1 (26.230) and Resistance 2 (26.935) respectively. If the price gets rejected on the Lower Highs instead, we will wait for a buy on the 1W MA50 (blue trend-line). Notice also the 1W MACD Bullish Cross that is about to be formed, indicating that a continuation of the current uptrend might be more probable than a rejection. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSD
by TradingShot
8
XAGUSD (SILVER) ____ INCOMING BEARISH MOVEHello Guys, As you know already, I get my directional bias for USD-related pair from the dollar index. My outlook for the dollar is bullish (see below the analysis) which means that this week and going forward, Silver (XAGUSD) should be bearish. Currently, Silver has traded into bother the weekly and daily FVG, and we may commence the bearish move from here after a few manipulations and bullish inducements. (See my previous analysis of XAGUSD below) Follow for more updates. Feel free to DM me. Previous Silver analysis This week's Dollar Index analysis Other USD-related pairs GBPUSD NZDUSD USDJPY USDSGD AUDUSD Cheers, Jabari
FOREXCOM:XAGUSDShort
by jabariofafrica
5
XAGUSD (SILVER) ____ INCOMING BULLISH RALLYHello Guys, As we can see this pair has buy-side liquidity to hunt on its way to the weekly FVG. Also, since I expect a bearish move on the dollar index, it simply gives more conviction in this rally. I also did an analysis on this pair last week which played out as speculated. Follow for more updates. See my previous XAGUSD analysis XAGUSD See this week's analysis on DXY, EURUSD, GBPUSD, NZDUSD and USDJPY DXY EURUSD GBPUSD NZDUSD USDJPY Cheers, David
FOREXCOM:XAGUSDLong
by jabariofafrica
XAGUSD ____ SELECTING THE BEST PAIRS TO TRADEHello Traders, Using XAGUSD (Silver) as a case study, I will explain why you need to select the best possible pair to trade. The reason why this is so is because almost all the FX pairs are correlated one way or the other, hence you must always choose the one with the best narrative and the best setup. When I say narrative, I mean the reason why you expect a particular move in the price i.e. a rally or drop in price. Now using XAGUSD, the dollar index just entered a weekly order block (you can look at it on your chart) which could likely mean a short-term bearish move. With this knowledge, you now know that the dollar is likely to be the weaker currency among all dollar pairs. The next thing you want to do is scan all dollar pairs, looking for the one that is well positioned to show strength against the dollar to take a trade. The reason why I picked XAGUSD, is because price entered a weekly demand-side FVG which should cause a rally in price. We also have another weekly FVG above the current price that is likely to be filled. Next, you can notice we have buy-side liquidity just below the weekly FVG. This gives price more reasons to rally. Asides XAGUSD, other well-structured pairs are GBPUSD, USDCHF & EURUSD. Always put your best foot forward. Follow me for more updates, learnings and trade ideas. Below is my previous analysis on XAGUSD at the start of the week. I expected price to go into the FVG first before the dump to my target, however, price went to my target first so I'm guessing it's time to mitigate the buy=side weekly FVG. Cheers, David
FOREXCOM:XAGUSDLong
by jabariofafrica
XAGUSD are you rdy for best short 😁Silver Woe to those who do not see the downward trend of silver. The trend of silver is downward, on the other hand, silver's older sister, gold, is not in a good position, and gold's younger sister, which is silver, should be led down with it. The trend of silver is currently in a bearish base, so we have the next bearish wave ahead of us. The trend of silver is for 20.02677 and then it is 18.93789 dollars, so if you want to open a trade, don't forget the trend of shorting and selling silver.
OANDA:XAGUSDShort
by ManochehrAzar
6
XAGUSD First major sell signal in 3 months!We had a blast with our buy signal on Silver (XAGUSD) in late February as we caught the exact bottom on the oversold 1D RSI: Now the tide is turning as the STOCH RSI on the 1W time-frame is vastly overbought and is waving the first sell signal after more than 3 months. This doesn't mean that the price can't extend slightly its rise, but this is an optimal level to start adding sells based on our long-term strategy. Right now the price is just above the 0.618 Fibonacci level, having broken above the dashed Lower Highs but is near the dotted Lower Highs. A max extension near the March 07 2022 High and the 0.786 Fib isn't likely but isn't unrealistic at the same time. As mentioned though, that is good enough for us to sell and as of today we switch back to being bearish on Silver, targeting initially the 2 year Pivot at 21.750. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDShort
by TradingShot
1
XAGUSD Our great masterplan continues to work to perfection.Since early last year, we have been following a certain buy low/ sell high approach on Silver (XAGUSD) after we identified that it has been trading inside a 2-year Channel Down: We most recently turned bearish again on precisely the right time on our previous January 31 sell call: Right now however, with the price having broken on Friday below the 1D MA200 (orange trend-line) for the first time since November 30, it hit the 20.625 Support formed by the November 21 Low. This is potentially the formation of the Right Shoulder of a giant Head and Shoulders (H&S) pattern. With the 1D RSI deep below the oversold barrier, this is were we will attempt our first medium term buy targeting the (green) Symmetrical Resistance Zone and the 1D MA50 (blue trend-line), any of the two gets hit first. We will attempt an additional buy entry near the Higher Lows trend-line (holding since the September 01 Low), as this would complete a -19.50% decline, similar to the June 06 - July 14 pattern. Its target was a +15.10% rise to the 0.618 Fibonacci, but again we will settle for just the (green) Symmetrical Resistance Zone and the 1D MA50 as targets. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDLong
by TradingShot
2