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Silverusd

XAGUSD: Close to a bottom. Aggressive Bull in 2020.Silver has been trading inside a Falling Wedge since the early September Top (1D RSI = 37.923, MACD = -0.187, Highs/Lows = -0.1939) and is currently on the Lower Low. 1W is turning neutral as the Wedge is close to exhausting its limit. The 1D MA200 is approaching to provide Support. Based on the 1D RSI and MACD patterns, there are a lot of similarities between the September - December sequence and January - March fractal. On the RSI side both display a Channel Down, while the MACD is consolidating on its lows. According to that we've reached the conclusion that XAGUSD is at or close to its new long term bottom (the Jan-March fractal made the bottom on the symmetrical support provided by the last Higher Low). Expect an aggressive bullish break out by January 2020. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX:XAGUSDLong
by InvestingScope
1
Will the Silver Rally Continue?Silver tends to move in a very specific way. It moves very fast for a few days, only to act very calm in the next several days. Silver already lost its downward momentum as its been calm for a few days now. This characteristic pattern is what we saw also when Silver completed a broad top (just as it did recently) earlier this year. What does it all come to? For the 24 hours, Silver rose 1.22% against the USD and closed at USD 16.97 per ounce, tracking gain in gold prices. We prefer Long positions around 17.00 with targets at 17.1500 (and follow to 17.60 if extends) and Stop Loss: below $16.89. The price have bounced just a bit from the support trend line on 1-hour chart, which of course is a bullish sign. Additional, the white metal is showing convergence with its H1 20-day moving average and is trading above its 50 Hr SMA. The Silver seasonality also suggests that the short-term decline in the white metal might be over or close to being over as local bottoms tend to form close to the middle of November. The daily RSI is bullish and calls for further upside. More interestingly, on the daily chart the Stochastic indicator just moved to levels that are low enough to indicate a short-term buying opportunity on their own. This simple technique worked very well in the previous 12 months. But on the H1 chart both indicators are in overbought zone, so we can see a little bit downside pressure to the support trend line around $16.96. We like the idea of buying dips, and it appears that we have just saved the overall uptrend, at least so far. In conclusion, with all that in mind - Are you agree with our long positioning?
OANDA:XAGUSDLong
by ForexTrendline
SILVER (XAG/USD) | 16.500 - Keep An Eye On It!Hi, Green area consists of: 1) Fibonacci Golden Ratio 62% 2) Fibonacci Extension 127% 3) Middle number 16.500 4) Daily & Weekly EMA200 are around the marked area. 5) 2X AB=CD! 6) Channel projection 7) Let the bullish price action around the green area guides you into the trade! 16.500 is the key level, wait for a smaller timeframe candlestick patterns after the touch. As said let the price action guides you into the trade ;) If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Regards, Vaido
FOREXCOM:XAGUSDLong
by VaidoVeek
1
Silver monthly update / buy setupHello traders! Monthly supply range(blueish) held perfectly well and now we are due for a retest lower. *16.60$ - was never re-tested after a breakout and now should be a point of interest for investors. We should see it being re-tested very soon. MACD suggest that there's plenty of momentum left & $16.40 in November - very likely. Next target is $23 . *Buy zone $16.40 - $16.60. *Take profit zone $23. This is not a financial advise. Have a great day!
TVC:SILVERLong
by Patrikas10
2
Silver on supportThe price of Silver (in USD) has left the ascending channel, tested the next fib retracements (one coming from dec 2015 in blue, the other recent from may 2019 in violet). This level has been and is still a strong resistance and we´ll see if the bulls will have enough strength to break through. After Silver has re-entered the parallel channel and touched the lower limit it turned and is now on the lower side of the positive trend channel. RSI also has turned and could signify new gains. MACD is in bullish terrain but the trend is negative. One has to take in consideration, that MACD always has a significant delay. I take this indicator only for confirmation. With Gold (orange line) also regaining force I can imagine that Silver will recover on this level. So the bullish trend isn´t over. This is no trading advice!!
TVC:SILVERLong
by Luettis
Silver Fundamental Analysis – September 16th 2019Here are the key factors to keep in mind today for Silver trades: New Zealand Performance of Services Index: The New Zealand Performance of Services Index for August was reported at 54.6. Forex traders can compare this to the New Zealand Performance of Services Index for July which was reported at 54.8. UK Rightmove House Prices: UK Rightmove House Prices for September decreased by 0.2% monthly and increased by 0.2% annualized. Forex traders can compare this to UK Rightmove House Prices for August which decreased by 1.0% monthly and which increased by 1.2% annualized. Chinese Retail Sales: Chinese Retail Sales for August increased by 7.5% annualized. Economists predicted an increase of 7.9% annualized. Forex traders can compare this to Chinese Retail Sales for July which increased by 7.6% annualized. Chinese Industrial Production: Chinese Industrial Production for August increased by 4.4% annualized. Economists predicted an increase of 5.2% annualized. Forex traders can compare this to Chinese Industrial Production for July which increased by 4.8% annualized. Chinese Fixed Assets ex Rural: Chinese Fixed Assets ex Rural for August increased by 5.5% annualized. Economists predicted an increase of 5.7% annualized. Forex traders can compare this to Chinese Fixed Assets ex Rural for July which increased by 5.7% annualized. Chinese Property Investment: Chinese Property Investment for August increased by 10.5% annualized. Forex traders can compare this to Chinese Property Investment for July which increased by 10.6% annualized. Chinese Surveyed Jobless Rate: The Chinese Surveyed Jobless Rate for August was reported at 5.2%. Forex traders can compare this to the Chinese Surveyed Jobless Rate for July which was reported at 5.3%. Final Italian CPI: The Final Italian CPI for August increased by 0.4% monthly and 0.4% annualized. Economists predicted an increase of 0.5% and of 0.5%. Forex traders can compare this to the Italian CPI for July which increased by 0.5% monthly and by 0.5% annualized. The Final Italian Harmonized Italian CPI for August was reported flat at 0.0% monthly and increased by 0.5% annualized. Economists predicted a decrease of 1.7% and an increase of 0.5%. Forex traders can compare this to the Italian Harmonized Italian CPI for July which decreased by 1.8% monthly and which increased by 0.5% annualized. US Empire Manufacturing Index: The US Empire Manufacturing Index for September is predicted at 4.0. Forex traders can compare this to the US Empire Manufacturing Index for August which was reported at 4.8. Should price action for Silver remain inside the or breakout above the 17.400 to 18.150 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 17.800 Take Profit Zone: 19.600 – 20.000 Stop Loss Level: 17.200 Should price action for Silver breakdown below 17.400 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 17.100 Take Profit Zone: 15.900 – 16.500 Stop Loss Level: 17.400
OANDA:XAGUSD
by PaxForex
XAGUSD: Short term buy opportunity. Tight stop.XAGUSD has made contact this week with its 1D Higher Low trend line (bold) where it has so far rebounded, as it made a Higher Low (1D Highs/Lows = 0.0000). With 1D holding marginally onto bullish levels (RSI = 56.268, MACD = 0.403, ADX = 44.272) it is likely to sustain this rise all the way to the 19.650 Resistance, as long as 17.780 holds. On a different occasion we may get a deeper correction on the 1W scale where the RSI is still overbought at 75.529. You may get an idea of this potential 1W correction here: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAGUSDLong
by InvestingScope