XAG/USD: technical analysis
05 April 2018, 13:35
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL |
| Entry Point | 16.29 |
| Take Profit | 16.00 |
| Stop Loss | 16.35 |
| Key Levels | 16.00, 16.08, 16.11, 16.20, 16.29, 16.35, 16.41, 16.50, 16.62, 16.70, 16.75, 16.80 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 16.43 |
| Take Profit | 16.62 |
| Stop Loss | 16.35 |
| Key Levels | 16.00, 16.08, 16.11, 16.20, 16.29, 16.35, 16.41, 16.50, 16.62, 16.70, 16.75, 16.80 |
XAG/USD, D1
On the daily chart, the instrument is trading within the lower border and the middle line Bollinger Bands, the price range is narrowed. MACD histogram is in the negative zone, keeping the signal to open short positions. Stochastic is around the border with the oversold area and does not give a clear signal to enter the market.
XAG/USD, H4
On the 4-hour chart, the instrument is moving towards the lower border Bollinger Bands. MACD histogram is in the negative zone, the signal line crosses the zero line and histogram’s body downwards, forming a sell signal. Stochastic has crossed the border with the oversold area downwards; the entry signal for the opening of the long positions is forming.
Key levels
Resistance levels: 16.29, 16.35, 16.41, 16.50, 16.62, 16.70, 16.75, 16.80.
Support levels: 16.20, 16.11, 16.08, 16.00.
Trading tips
Short positions can be opened at the current level with the target at 16.00 and stop loss 16.35.
Long positions can be opened at the level of 16.43 with the target at 16.62. Stop loss is at 16.35.
Implementation period: 1–3 days.
On the daily chart, the instrument is trading within the lower border and the middle line Bollinger Bands, the price range is narrowed. MACD histogram is in the negative zone, keeping the signal to open short positions. Stochastic is around the border with the oversold area and does not give a clear signal to enter the market.
XAG/USD, H4
On the 4-hour chart, the instrument is moving towards the lower border Bollinger Bands. MACD histogram is in the negative zone, the signal line crosses the zero line and histogram’s body downwards, forming a sell signal. Stochastic has crossed the border with the oversold area downwards; the entry signal for the opening of the long positions is forming.
Key levels
Resistance levels: 16.29, 16.35, 16.41, 16.50, 16.62, 16.70, 16.75, 16.80.
Support levels: 16.20, 16.11, 16.08, 16.00.
Trading tips
Short positions can be opened at the current level with the target at 16.00 and stop loss 16.35.
Long positions can be opened at the level of 16.43 with the target at 16.62. Stop loss is at 16.35.
Implementation period: 1–3 days.
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