XAG/USD: technical analysis
03 July 2019, 11:03
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 15.33 |
| Take Profit | 15.52 |
| Stop Loss | 15.18 |
| Key Levels | 14.62, 14.74, 14.87, 14.94, 15.01, 15.14, 15.18, 15.33, 15.43, 15.52 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 15.14 |
| Take Profit | 14.94 |
| Stop Loss | 15.29 |
| Key Levels | 14.62, 14.74, 14.87, 14.94, 15.01, 15.14, 15.18, 15.33, 15.43, 15.52 |
XAG/USD, H4
On the 4-hour chart, a sideways trend has formed. The instrument moves within the corridor formed by the boundaries of Bollinger bands, the price range expands. The MACD histogram is near the zero line, its volumes are minimal, the indicator’s signal line moves parallel to the zero line. Stochastic is in the neutral zone on the border with the overbought zone, the signal line of the oscillator is directed upwards.
XAG/USD, D1
On the daily chart, the uptrend is still in force. The instrument trades between the upper and the lower border of Bollinger bands, the indicator cloud is expanded. The MACD histogram is in the positive area, keeping the signal for opening long orders. Stochastic is in the neutral zone, the lines of the oscillator are reversing upwards.
Key levels
Resistance levels: 15.33, 15.43, 15.52.
Support levels: 15.18, 15.14, 15.01, 14.94, 14.87, 14.74, 14.62.
Trading tips
Long positions can be opened from the level of 15.33 with the target at 15.52 and stop loss 15.18.
Short positions can be opened from the level of 15.14 with the target at 14.94. Stop loss is 15.29.
Implementation period: 1–3 days.
On the 4-hour chart, a sideways trend has formed. The instrument moves within the corridor formed by the boundaries of Bollinger bands, the price range expands. The MACD histogram is near the zero line, its volumes are minimal, the indicator’s signal line moves parallel to the zero line. Stochastic is in the neutral zone on the border with the overbought zone, the signal line of the oscillator is directed upwards.
XAG/USD, D1
On the daily chart, the uptrend is still in force. The instrument trades between the upper and the lower border of Bollinger bands, the indicator cloud is expanded. The MACD histogram is in the positive area, keeping the signal for opening long orders. Stochastic is in the neutral zone, the lines of the oscillator are reversing upwards.
Key levels
Resistance levels: 15.33, 15.43, 15.52.
Support levels: 15.18, 15.14, 15.01, 14.94, 14.87, 14.74, 14.62.
Trading tips
Long positions can be opened from the level of 15.33 with the target at 15.52 and stop loss 15.18.
Short positions can be opened from the level of 15.14 with the target at 14.94. Stop loss is 15.29.
Implementation period: 1–3 days.
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