XAGUSD approaching support, potential for a bounce!
XAGUSD is expected to drop to 1st support at 15.11395 where it could potentially react off and up to 1st resistance at 15.35743.
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XAGUSD approaching support, potential for a bounce!
XAGUSD is expected to drop to 1st support at 15.135 where it could potentially react off and up to 1st resistance at 15.525.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XAGUSD approaching support, potential for a bounce!XAGUSD is expected to drop to 1st support at 15.11395 where it could potentially react off and drop down to 1st resistance at 15.35338
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XAGUSD approaching support, potential for a bounce!XAGUSD is approaching its 1st support at 15.036 where it could potentially bounce to its resistance at 1st resistance at 15.545.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XAGUSD approaching support, potential for a bounce!XAGUSD is approaching its 1st support at 15.036 where it could potentially bounce to its resistance at 1st resistance at 15.545.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XAGUSD approaching resistance, look out for a potential reversalXAGUSD is approaching its resistance at 15.14749 where it could reverse down to its support at 14.63819.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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XAG/USD - Elliott Wave Outlook
Bullish Swings - Patterns:
ABC Swing in Primary X (purple)
Leading Diagonal in Intermediate (A) (blue)
Expanding Flat in Intermediate (B) (blue)
Ending Diagonal in Intermediate (C) (blue)
Bearish Swings - Patterns:
ABC Wedge Formation in Intermediate (A) (blue)
Next expected swing:
Bullish sequence in Intermediate (B) (blue)
Structure change:
A breach of the lower trend-line from the Ascending Channel could result in more weakness ahead
XAGUSD approaching resistance, potential drop! Price is approaching our first resistance (horizontal swing high resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level to our major support a (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension). Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD approaching resistance, potential drop! Price is approaching our first resistance (horizontal overlap resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level to our major support a (50% Fibonacci retracement). Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD approaching support, potential bounce!Price is approaching our first support (horizontal overlap support, 78.6% Fibonacci extension, 100% Fibonacci retracement) where we might see a bounce in price to our major resistance (23.6% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic is approaching support as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.