XAG/USD: technical analysis
31 January 2019, 10:37
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY |
| Entry Point | 16.03 |
| Take Profit | 16.48 |
| Stop Loss | 15.85 |
| Key Levels | 15.15, 15.21, 15.40, 15.57, 15.64, 15.84, 15.95, 16.07, 16.20, 16.48, 16.72, 17.31 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 15.55 |
| Take Profit | 15.15 |
| Stop Loss | 15.80 |
| Key Levels | 15.15, 15.21, 15.40, 15.57, 15.64, 15.84, 15.95, 16.07, 16.20, 16.48, 16.72, 17.31 |
XAG/USD, D1
On the D1 chart, the instrument broke through the upper border of Bollinger Bands slowing down the growth. The price range is widened indicating possible continuation of the upward trend. MACD histogram is in the positive area keeping a signal for the opening of long positions. Stochastic is crossing the border with the overbought zone, forming a signal to open short positions.
XAG/USD, H4
On the 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 shows lateral movement in the neutral zone.
Key levels
Resistance levels: 16.07, 16.20, 16.48, 16.72, 17.31.
Support levels: 15.95, 15.84, 15.64, 15.57, 15.40, 15.21, 15.15.
Trading tips
Long positions may be opened from the current level with target at 16.48 and stop loss at 15.85.
Short positions may be opened from the level of 15.55 with target at 15.15. Stop loss — 15.80.
Implementation period: 2-3 days.
On the D1 chart, the instrument broke through the upper border of Bollinger Bands slowing down the growth. The price range is widened indicating possible continuation of the upward trend. MACD histogram is in the positive area keeping a signal for the opening of long positions. Stochastic is crossing the border with the overbought zone, forming a signal to open short positions.
XAG/USD, H4
On the 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 shows lateral movement in the neutral zone.
Key levels
Resistance levels: 16.07, 16.20, 16.48, 16.72, 17.31.
Support levels: 15.95, 15.84, 15.64, 15.57, 15.40, 15.21, 15.15.
Trading tips
Long positions may be opened from the current level with target at 16.48 and stop loss at 15.85.
Short positions may be opened from the level of 15.55 with target at 15.15. Stop loss — 15.80.
Implementation period: 2-3 days.
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