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Xagusdlong

XAGUSD Silver Technical Analysis and Forecast September 11-15Silver Non-Commercial Speculator Positions: Large speculators continued to push their bullish net positions higher in the silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totalled a net position of 64,171 contracts in the data reported through Tuesday, September 5th. This was a weekly increase of 10,526 contracts from the previous week which had a total of 53,645 net contracts. Silver Commercial Positions: The commercial trader’s position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totalled a net position of -76,688 contracts on the week. This was a weekly decline of -11,100 contracts from the total net of -65,588 contracts reported the previous week. Technicals: The bearish movement has started in November 2012. On weekly chart, we can see that the bullish movement has just started confirmed by RSI and MACD as well. We entered the LONG trade earlier with the signals of indicators on smaller time frames and we had really good profit. The Same situation is valid for GOLD, Copper and Cotton. It is strongly possible that XAGUSD Silver will test 18.55 in this week or next week. Daily Chart: The current level of XAGUSD is 17.992. Price tested 18.20 ( Fibonacci Retracement 50% ) and pulled back. 17.60 is the Fibonacci Retracement of 61.80% 17.60 is the Fibonacci Retracement of 61.80%. We may see some pullback towards 17.76 and 17.60. We are bullish and we predict the XAGUSD price will test 18.55 in a few weeks and this level is very important resistance for mid-long term bullish movement. 17.73 and 17.55 are possible pullback levels for Monday and Tuesday. If the price breaks below 17.55, 17 48 will be tested. Our strategy is to keep our open LONG trades and leave pending BUY orders to above mentioned pull back levels. Our stop loss level will be 17.00.
FX_IDC:XAGUSDLong
by eacemi
XAGUSD LONG IDEAGot into this a little late, so I am just watching it now. Will not be shorting. If price hits my targets I will be longing it. If price breaks support or news comes out that will make me to think price will go down more. I will wait for it to hit $15-$15.50 before longing. Patience is key in getting the right price and making sure you turn a profit. There is plenty of time to get good trades, no need to rush getting in. I have seen people start to long already, which is way to early. As the price still has a ways to go till support, and could dip under support. Patience is key, keep your eyes on the market.
FX_IDC:XAGUSDLong
by ampatrick4
SILVER LONG IN PROCESSSilver completed abc pattern on daily time frame Silver paused on Daily TL and then created a reversal channel formation then broke out of down channel creating an impulse move up, Price pulled back into bullish order block, cleared stops and now possible up trend in play my buy order was set 16.464 which was the bullish order block from where price broke out of the down channel. it got triggered on the pull back after impulse move out of reversal channel entry: 16.464 SL: 16.100 (dynamic stop) TP: 17.1325
OANDA:XAGUSDLong
by DMequities
XAUUSD: All set for a bullish upward movementI believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail. Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades. My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favorable trade setup and plans.
FX:XAUUSDLong
by Dinkan
Optimistic approach of Silver (XAUGUSD)? For the previous days, Silver (XAGUSD) has been on consolidation mode, and pushed towards the highs of the inside bar despite the good number of US' GDP. Along the levels where XAGUSD currently is is a messy chart. However, as seen on my 1-hour chart, the commodity is clearly above an ascending channel. Breakage of this channel will only result to few higher level. However, if enough catalyst is given for its boost, it may reach the monthly resistance and may possibly form a triple top. It is important to note that this commodity has always been pushed below whenever it touches daily's 200sma. Be careful at that moving average!
FX_IDC:XAGUSDLong
by bearvsbullmarket
XAGUSD (Silver) Long IdeaToday’s trading setup is coming from the XAGUSD (Silver) market. I have spotted a daily pinbar, which has formed just above a support level of 16.500. I am looking for an intraday formation to possibly go long. A good entry point would be 16.750. Currently the price is trading slightly higher, but am looking for a candlestick confirmation. My stop loss would be placed just under 16.20. My first target would be the level of 18.000. The secondary target could be the level of 19.000. Just be extra careful with this setup, because we are in a minor downtrend and the next support level is 15.500.
FX:XAGUSDLong
by colibritrader
Potential short-term long play on silverYes, that's a confusing title. This is a potential shorter-term long play. On the 1H chart, XAGUSD is at an interesting level. The horizontal blue line indicates the previous swing low and it clearly acts as a support level that seems to hold. We can see a relatively nice downtrend with multiple swings, while the trend is now in the overextended territory as well (I haven't added Fibonacci extension levels, but it's well over 200% now). However, it appears to be changing direction. From the past two trend waves, we can see that there's RSI divergence. The initial test of support (after the French election result) was strongly bought but the market faded the push higher and wanted to go for another test. The second test of the support level went the same way up, visible by the strong bullish bars that followed it. This created a double bottom, one of our favourite reversal chart patterns. By now, this starts to look like a classic rounding bottom reversal. Currently, the price is testing lows again and I hope that it makes a higher low, as this would confirm our suspicion that a reversal is underway. What I'm still waiting for is the momentum push upwards. A strong bullish bar, potentially taking out some of the previous ones, would be the trigger for me to take a position. If the price does decide to move lower, we just do nothing. For now, as always, we're in waiting mode. Find more analysis on smartforexlearning.com and give us a follow: - on Twitter: twitter.com - on Facebook: www.facebook.com - on Google+: plus.google.com
FX:XAGUSDLong
by UnknownUnicorn553472