XAG/USD: technical analysis
13 December 2018, 10:57
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY |
| Entry Point | 14.78 |
| Take Profit | 14.90, 15.09 |
| Stop Loss | 14.67, 14.65 |
| Key Levels | 13.88, 13.93, 14.03, 14.08, 14.16, 14.22, 14.31, 14.37, 14.44, 14.59, 14.65, 14.76, 14.90, 15.09, 15.23 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 14.55 |
| Take Profit | 14.44, 14.37, 14.31 |
| Stop Loss | 14.65 |
| Key Levels | 13.88, 13.93, 14.03, 14.08, 14.16, 14.22, 14.31, 14.37, 14.44, 14.59, 14.65, 14.76, 14.90, 15.09, 15.23 |
XAG/USD, D1
On the D1 chart, the instrument is trading above the upper line of Bollinger Bands; the price range is widened, which indicates a possible continuation of the uptrend. MACD histogram is in the positive zone and has minimum volume, the signal line is about to cross the zero line from below, which will be a signal to open long positions. Stochastic is in the neutral area, and the lines of the oscillator are directed upwards.
XAG/USD, H4
On H4 chart the instrument is growing along the upper border of Bollinger Bands, and the price range is widened. MACD histogram is in the positive area keeping a signal for opening buy orders. Stochastic is on the border of the neutral zone with the overbought zone; the oscillator lines are directed horizontally.
Key levels
Resistance levels: 14.76, 14.90, 15.09, 15.23.
Support levels: 14.65, 14.59, 14.44, 14.37, 14.31, 14.22, 14.16, 14.08, 14.03, 13.93, 13.88.
Trading tips
Long positions may be opened from the current level with targets at 14.90, 15.09 and stop loss at 14.65.
Short positions may be opened from the level of 14.59 with targets at 14.44, 14.37, 14.31. Stop loss – 14.65.
Implementation time: 1-3 days.
On the D1 chart, the instrument is trading above the upper line of Bollinger Bands; the price range is widened, which indicates a possible continuation of the uptrend. MACD histogram is in the positive zone and has minimum volume, the signal line is about to cross the zero line from below, which will be a signal to open long positions. Stochastic is in the neutral area, and the lines of the oscillator are directed upwards.
XAG/USD, H4
On H4 chart the instrument is growing along the upper border of Bollinger Bands, and the price range is widened. MACD histogram is in the positive area keeping a signal for opening buy orders. Stochastic is on the border of the neutral zone with the overbought zone; the oscillator lines are directed horizontally.
Key levels
Resistance levels: 14.76, 14.90, 15.09, 15.23.
Support levels: 14.65, 14.59, 14.44, 14.37, 14.31, 14.22, 14.16, 14.08, 14.03, 13.93, 13.88.
Trading tips
Long positions may be opened from the current level with targets at 14.90, 15.09 and stop loss at 14.65.
Short positions may be opened from the level of 14.59 with targets at 14.44, 14.37, 14.31. Stop loss – 14.65.
Implementation time: 1-3 days.
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