XAGUSD on the 120-minute chart is at the top of the high volume area on the profile. This is a relative volume void above and a high volume area breakout is possible or even likely. The TTM squeeze indicator has just triggered. The Price Momentum and Relative Trend indicators appear bullish. I assert that spot silver is bullish right now and mining stocks...
FSM is on a 30-minute chart. The trade idea is that FMS suffers in drops in spot sliver but thrives when spot silver rises as its fixed expenses in mining allow for increases in margin in a curvilinear fashion when spot silver rises. This is more so than a senior miner such as FCX that moves slower when metal prices rise or fall. I see the quick geopolitical...
HL shown on the reliable daiy chart while spot silver is uptrending. demonstrates multiple bullish signs including a cross over the POC line of the volume profile and now the confluence of a 200-50-20 triple convergence coindident with a cross of the long anchored mean VWAP and a gaint ( "gib ass green") engulfing green price candle of 7% magnitude with...
XAGUSD on the 15 minute chart- bounced off an intermediate term anchored VWAP during the middle of the NY session. The Relative Trend Index indicator and the Z-score are confirmatory. Price is now trending on the line of 2 standar deviations above the mean VWAP line . I will open a trade here targeting 25.25 expecting a rise to the third deviation line in...
XAGUSD on the 2H chart over the past month has ascended into a head and shoulders pattern and then descended into a pivot on June 22nd. As it is now ascending, silver is a long trade candidate. I see the stop loss as pivot low on 5/25 . Based on the volume profile and its POC line, as well as the H & S pattern, the first target is the POC line at $ 23.3, the...
XAUUSD- had a big down move on the London Session ; it is now in a triangle with trend lines drawn on the 15 minute chart. The upper resistance trendline has held from far more touches than the support trendline below. I conclude it is more or most likely, that XAUUSD will breakout from this triangle on a relatively lower time frame with bearish continuation...
Based on the weekly chart, I see the DOW / XAGUSD ratio as rising in the past year. I see this as meaning the DOW stocks have been valued by market participants as compared with the valuation of silver. Further, I see the relative strength of the ratio showing some bearish divergence of late. The DOW stocks are challenged by the current macroeconomics...
OANDA:XAGUSD Spot silver put in a triple top in early March into early April on the daily chart. It then descended over the next three months in what may end up being the leading side of a cup and handle pattern into a bottom about July 13th. Spot silver then rose a bit over the next five weeks and now has retested the bottom now forming a double...
OANDA:XAGUSD XAG is shown of the daily chart. has long-term resistance at 24.39. At present, it has been trending on an arc with may represent the downward slope of a cup and handle pattern. Moreover, a Hull Moving Average over 90 days shows a good pit to the price action. The RSI candles confirm the price action with low strength at price lows then an...
Spot Silver has been in a general downtrend albeit it with a short rally. On the weekly chart the context of the rise in the stochastic RSI to over 60 and the MACD approaching a K and D line touch as well as the print of a weekly candle as a red Doji after the recent federal minutes release and another federal calendar event on 8/22 I will take a short on...
It looks buy per Fib. and trend lines. Basic supports & resistances are noted in chart.
I rarely trade silver, but here's what I see. I against the hype! Catalyst: - Price action Here's below my entry