XAG/USD: technical analysis
09 May 2018, 10:12
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL |
| Entry Point | 16.32 |
| Take Profit | 16.00 |
| Stop Loss | 16.50 |
| Key Levels | 16.00, 16.10, 16.20, 16.27, 16.35, 16.41, 16.50, 16.60, 16.67, 16.80, 16.90, 17.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 16.60 |
| Take Profit | 17.10 |
| Stop Loss | 16.20 |
| Key Levels | 16.00, 16.10, 16.20, 16.27, 16.35, 16.41, 16.50, 16.60, 16.67, 16.80, 16.90, 17.00 |
XAG/USD, D1
On the D1 chart, the instrument is trading between the upper and middle lines of Bollinger Bands. MACD histogram is in the positive area and its volume is minimal. Stochastic is near the oversold area, the signal lines are reversing down.
XAG/USD, H4
On the H4 chart, the instrument demonstrates side movement within the narrow corridor formed by the borders of Bollinger Bands. MACD histogram is near the zero level, and its volume is minimal, the signal line moves horizontally, along the zero mark. Stochastic is in the neutral zone, and the signal line of the oscillator is directed upwards.
Key levels
Support levels: 16.35, 16.27, 16.20, 16.10, 16.00.
Resistance levels: 16.41, 16.50, 16.60, 16.67, 16.80, 16.90, 17.00.
Trading tips
According to technical indicators, short positions could be opened from the current level with the target at 16.00 and stop-loss at 16.50.
Long positions may be opened from the level of 16.60 with the target at 17.10 and stop-loss at 16.20.
Implementation period: 3-5 days.
On the D1 chart, the instrument is trading between the upper and middle lines of Bollinger Bands. MACD histogram is in the positive area and its volume is minimal. Stochastic is near the oversold area, the signal lines are reversing down.
XAG/USD, H4
On the H4 chart, the instrument demonstrates side movement within the narrow corridor formed by the borders of Bollinger Bands. MACD histogram is near the zero level, and its volume is minimal, the signal line moves horizontally, along the zero mark. Stochastic is in the neutral zone, and the signal line of the oscillator is directed upwards.
Key levels
Support levels: 16.35, 16.27, 16.20, 16.10, 16.00.
Resistance levels: 16.41, 16.50, 16.60, 16.67, 16.80, 16.90, 17.00.
Trading tips
According to technical indicators, short positions could be opened from the current level with the target at 16.00 and stop-loss at 16.50.
Long positions may be opened from the level of 16.60 with the target at 17.10 and stop-loss at 16.20.
Implementation period: 3-5 days.
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