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Xagusdanalysis

Silver- under 20 till year's end?Like gold, silver fell aggressively Monday after the vaccine was announced. The price stopped falling just under 24 and into the uptrend line support, recovered some of the losses after and now is consolidating. The chart structure is very bearish as long as the price stays under 25 and I expect it to break under support. Such a break could drastically accelerate losses and we can see Silver dropping under 20 figure. A sell trade with a SL above 25 could have a GREAT R:R of at least 1:5
OANDA:XAGUSDShort
by Mihai_Iacob
5
SILVER XABCD-CYPHER will give us 17% account growthSILVER-xagusd ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Strong break through the 25.00000 2️⃣ XABCD Cypher pattern-Bullish sign 3️⃣ Broad weakness of USD,USA election results outcome 4️⃣ 26.00000 Dynamic support and resistance 5️⃣ Price reached October high 6️⃣ 25.00000 will Acted as strong support 7️⃣ Technical support - Bull 8️⃣ 27.00000 acted as key reversal-bullish 9️⃣ October high-Immediate resistance-Alternative bearish entry 🔟 Possible swing target-29.00000-major psychological level #️⃣ Overall bullish trend —————-❇️——————- 📉 Technical bias-H4-Bullish Price Above 50,100,200 Exponential moving average Relative strength index - Reached 70- overbought condition short term fall back expected MACD -Turned green and well above signal line, oscillators pointing upward Stochastic - Reached 75- overbought condition short term fall back expected Ichimoku cloud -cloud is turned green-Price is above the cloud-Middle line support Bollinger band- Price reached around the upper band-Short term bearish correction towards middle band —————-✳️——————- Key reversal area's 25.00000 psychological level 22.60000 October month low 25.60000 October month high 25.60000 50% Fibonacci retracement level 30.00000 Major psychological level 24.75000 Possible entry- Bull 27.00000 psychological level/Trendline resistance —————-✳️——————- Bullish entry #silver #xagusd Entry price - 24.80000 Take profit 01 - 26.00000 Take profit 02 - 27.00000 Take profit 03 - 29.00000 🚫 Stop lose 24.20000 ⬆️ 17% Growth expected ⤴️ Account growth 2.4 : 16.96 ✅ Risk reward ratio 1 : 7 —————-⚜️——————- Push the like button , And cheer up if you found useful
OANDA:XAGUSDLong
by forexorbit
SILVER - XAGUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of SILVER - XAGUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > Price moved bullish breaking several structure levels to stop at monthly support now turned resistance and moved down for correction. After a huge impulse we expect price to retrace till 0.382 or 0.5 Fib levels on last impulse. Both levels coincide with monthly resistance which now act as support. W > Price dropped in between 0.382 and 0.5 level with weekly candle closing at 0.382 level, this level coincides with daily demand zone. Since then price is making upward move. We can see an M formation and expect price to continue with upward move to test neck and complete formation. Neck is few pips below daily supply zone created during last consolidation. D > Price is creating HH and HL on its way up and with impulsive candle had broken and surpassed daily support/ demand zone turned resistance but dropped to create next LL. Price is moving in a triangle. As per COT SILVER saw addition of both Long and Short, but net positions reduced slightly whereas Commercials again saw lowest Long Position for this year, with improvement in open interest Silver enhanced its position for the said week. Silver however weakened last week. 4H > Price is making HH and HL and is facing rejection at resistance created by 4H supply zone. Due to its correlation with Gold we can expect price to drop before continuing its upward move for our target. It can drop to test 0.382 Fib level again. Pair Correlation > Silver has positive correlation with EURUSD, EURJPY, AUDUSD, AUDCAD and Gold and negative correlation with USDCHF. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
OANDA:XAGUSDShort
by AP17FX
A Final Test?Hello everyone :) Since silver is actually a volatile instrument, it is not an instrument I frequently analyze. However, I wanted to share this analysis that I made on request. The parallel with the Gold analysis I shared the previous day is at a high level. When we look at it, it is very possible that a small impulse movement will come up to the place I have shown in the graph. Therefore, the stoploss point of sales to be made around 23.84 should be 25.75. 22.40 point is a good point to take profit. If you like my charts and want more analysis, I need your motivation. Support me please :) Don't forget to follow and like. Good luck :)
FX:XAGUSDShort
by Gamer_Trader
4