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Xagusdlong

XAGUSD (Silver) Analysis: Bullish Chart Pattern A breakout and price close above 16.202 is bullish for Silver….bullish price swing should last for weeks to months. The Daily timeframe is examined in today’s XAGUSD analysis with coverage from price peak of 21.00 on July 1, 2016 to current date. The major trend in Silver ever since its peak of 21.00 is bearish. The chart pattern that is of consideration in this analysis is the falling wedge chart pattern (diagonal). Another chart pattern that would also be valid for price action in XAGUSD is a bearish price channel. In either case, a bullish breakout upon confirmation is ideally anticipated. Further discussion will focus on the use of a falling wedge in conjunction with other important aspects of the chart annotation. The 50 day and 200 day moving average of XAGUSD is used to help maintain proper perspective in price action with XAGUSD currently consolidating at the 200 day MA. A break below the 200 MA is bearish and could possibly trigger more selling, with a close below 14.52 increasing the chances of XAGUSD testing the lower boundary of its falling wedge. 16.202 and 15.594 are indicated on the chart as immediate resistance price levels in XAGUSD. The most conservative strategy to go long (buy) involves buying on a breakout above 16.202. Less conservative strategies would seek to buy prior to confirmation or price close above the upper boundary of the wedge. A great advantage of understanding chart patterns is their forecasting ability. Assuming the use of a bearish price channel for example, the width of the channel can be used for a bullish silver forecast long term once price closes above the upper boundary of the channel. Such projection would be the minimum price anticipated for the bullish swing with the trade expected to last for weeks to months.
FOREXCOM:XAGUSDLong
by Coin_Analyst
XAGUSD approaching support, potential bounce!XAGUSD is approaching our first support at 14.83 (horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 15.30 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAGUSDLong
by easyMarkets
XAGUSD approaching support, potential bounce!XAGUSD is approaching our first support at 14.86 (horizontal swing low support, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 15.14 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance). 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.
FX:XAGUSDLong
by FlowState
XAGUSD approaching support, potential bounce!XAGUSD is approaching our first support at 14.86 (horizontal swing low support, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 15.14 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance). 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.
FX:XAGUSDLong
by Tickmill
XAGUSD (SILVER) SETS TO MAKE A NEW HIGH IN WAVE (C) OR (3)The XAGUSD (SILVER) daily chart shows that the rally from 13.88 low is a classic five-wave impulse. According to Elliot wave principle, a three-wave corrective pattern follows every impulse move and the bearish move after the completion of the impulse in Silver exhibits this characteristic. . The corrective wave unfolded as a double three combination structure with an expanded flat in wave A, a double zigzag in wave B and wave C unfolded as a simple zigzag pattern. . The corrective pattern also retraced about 50-61.8 of the impulse wave and reversing from a key support zone. . If this wave count is correct, Silver is expected to make a bullish impulsive move above the previous high at "$16.18" in wave (C) or (3). . Thanks for reading!
OANDA:XAGUSDLong
by Veejahbee
XAGUSD approaching support, potential bounce!XAGUSD is approaching our first support at 14.83 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% retracement, short term ascending line) where a strong bounce might occur to our first resistance at 15.30 (horizontal overlap resistance, 61.8% 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.
OANDA:XAGUSDLong
by easyMarkets
XAGUSD approaching support, potential bounce!XAGUSD is approaching our first support at 14.91 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal overlap support) where a strong bounce might occur above this level to our major resistance at 15.60 (100% Fibonacci extension, 50% Fibonacci retracement, Horizontal swing high resistance). 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.
FX:XAGUSDLong
by FlowState
XAGUSD approaching support, potential bounce!XAGUSD is approaching our first support at 14.91 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal overlap support) where a strong bounce might occur above this level to our major resistance at 15.60 (100% Fibonacci extension, 50% Fibonacci retracement, Horizontal swing high resistance). 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.
FX:XAGUSDLong
by Tickmill
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.2609 (horizontal pullback resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 14.8020 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) 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.
OANDA:XAGUSDShort
by easyMarkets
XAGUSD approaching support, potential bounce!XAGUSD is approaching our first support at 14.8020 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 15.2117 (horizontal overlap resistance, 50% Fibonacci retracement). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAGUSDLong
by easyMarkets
1
XAGUSD approaching support, potential bounce! XAGUSD is approaching our first support at 14.8020 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce to our major resistance at 15.20565 (horizontal overlap resistance, 50% Fibonacci retracement) might occur. 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.
OANDA:XAGUSDLong
by Tickmill
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.60 (horizontal pullback resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level to our major support at 15.34 (61.8% Fibonacci extension). Stochastic (89,5,3) 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.
OANDA:XAGUSDShort
by Tickmill
Silver. Posible doble bottom w bull dvg in rsi + (maybe) macd .Posible doble bottom w bull dvg in rsi + (maybe) macd in this 2h-chart. Macd in this 2h has crossed down at 0-line, this has to cross back up above again, for any significant rising to happen. One fib is at 1.618 at this bottom, and a bigger fib 0.5 (the hole move up from bottom in 2018), is also around here. It's at the bottom in a rising channel. Cross our fingers here.... bc it's not written in stone yet :)
OANDA:XAGUSDLong
by skrotkalle