XAG/USD: technical analysis
07 August 2018, 13:47
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 15.42 |
| Take Profit | 15.15 |
| Stop Loss | 15.55 |
| Key Levels | 15.15, 15.21, 15.30, 15.35, 15.45, 15.52, 15.60, 15.75, 15.90, 16.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 15.60 |
| Take Profit | 16.00 |
| Stop Loss | 15.45 |
| Key Levels | 15.15, 15.21, 15.30, 15.35, 15.45, 15.52, 15.60, 15.75, 15.90, 16.00 |
XAG/USD, D1
On the daily chart, the instrument was corrected to the midline of Bollinger bands. MACD histogram is in the negative zone, keeping a confident signal for the opening of short positions. Stochastic leaves the oversold zone, the signal line is reversed upwards.
XAG/USD, H4
On the 4-hour chart, the instrument grows toward the upper border of Bollinger bands. MACD histogram is in the negative area, its volumes are reduced. Stochastic grows towards the border with the overbought zone, the oscillator lines point upwards.
Key Levels
Resistance levels: 15.45, 15.52, 15.60, 15.75, 15.90, 16.00.
Support levels: 15.35, 15.30, 15.21, 15.15.
Trading tips
Short positions can be opened from the current level with the target at 15.15 and stop loss 15.55. Implementation period: 1–3 days.
Long positions can be opened at the level of 15.60 with the target of 16.00. Stop loss is 15.45. Implementation period: 3–5 days.
On the daily chart, the instrument was corrected to the midline of Bollinger bands. MACD histogram is in the negative zone, keeping a confident signal for the opening of short positions. Stochastic leaves the oversold zone, the signal line is reversed upwards.
XAG/USD, H4
On the 4-hour chart, the instrument grows toward the upper border of Bollinger bands. MACD histogram is in the negative area, its volumes are reduced. Stochastic grows towards the border with the overbought zone, the oscillator lines point upwards.
Key Levels
Resistance levels: 15.45, 15.52, 15.60, 15.75, 15.90, 16.00.
Support levels: 15.35, 15.30, 15.21, 15.15.
Trading tips
Short positions can be opened from the current level with the target at 15.15 and stop loss 15.55. Implementation period: 1–3 days.
Long positions can be opened at the level of 15.60 with the target of 16.00. Stop loss is 15.45. Implementation period: 3–5 days.
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