Price is approaching a strong resistance level at 23.21 which is a pullback resistance, 50% Fibonacci retracement and a 100% Fibonacci projection. On top of that, we have a long term descending resistance line and the bearish ichimoku cloud contributing to the bearish momentum. A reversal from here could see prices drop all the way down to 22.22 which is a...
Price has broken a key overlap support level suggesting that price might make a bearish breakout towards the 22.16 level. The 221.16 level is a 61.8% major Fibonacci retracement and a 127.2% Fibonacci extension. If price were to drop to this level, watch out for a potential bounce from 22.16 for it to rise back up to 22.69. Please be advised that the information...
XAGUSD seeing more upside if it breaks above the resistance zone! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too. Until next...