Xagusdlong
XAGUSD approaching resistance, potential drop! Price is approaching our first resistance (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop to our first support (horizontal swing low support, 50% Fibonacci retracement) might occur.
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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! XAGUSD is approaching our first resistance (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur to our first support (horizontal swing low support). Stochastic is also approaching our first resistance where we might see a corresponding drop in price.
XAGUSD approaching resistance, potential drop! Price is approaching our first resistance (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop to our first support at 14.58 (horizontal swing low support) might occur.
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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 at 14.3904 (horizontal overlap support, 100% Fibonacci extension, 78.6% Fibonacci retracement) where we might see a strong bounce above this level to our major resistance level at 14.80 (horizontal pullback resistance, 23.6% Fibonacci retracement).
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD appraoching resistance, potential drop!Price is approaching our first resistance at 14.87 (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 14.61 (horizontal swing low support).
RSI is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
SILVER - Buy at the lows Silver is starting to turn, look for buys at the lows.
Breaking out form the current structure will mean new highs are coming otherwise still possible to make one leg down.
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.53 (50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where a strong drop might occur below this level pushing price down to our major support at 14.73 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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! XAGUSD is approaching our first resistance at 15.53 (50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where a strong drop might occur below this level pushing price down to our major support at 14.73 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD longHi traders,
after a higher high and a higher low we can see now a confirmed uptrend on this pair.
So go with the trend and go long.
I wish you a good trading week.
Your Stefan Forex
Silver BuyJust my opinion on what market might currently be doing. Enter and exit at your own risk.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
XAGUSD approaching resistance, potential drop!Price is facing bearish pressure from our first resistance at 15.09 (61.8% Fibonacci retracement, Horizontal swing high resistance, 100% Fibonacci extension) where we can expect a further drop to our major support level at 14.79 (61.8% Fibonacci retracement, Horizontal overlap support).
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! XAGUSD is approaching our first resistance at 15.09 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 14.78 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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! XAGUSD is approaching our first resistance at 15.09 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 14.78 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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!XAGUSD is approaching our first resistance at 15.09 (horizontal swing high resistance, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 14.840 (horizontal swing low support, 61.8% Fibonacci extension. Stochastic is also approaching resistance where we might see a corresponding drop in price.
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.14 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 14.86 (61.8% Fibonacci extension, horizontal swing low support).
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! XAGUSD is approaching our first resistance at 15.14 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 14.86 (61.8% Fibonacci extension, horizontal swing low support).
Ichimoku cloud is also showing signs of bearish pressure.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
