XAG/USD, D1

On the D1 chart, the instrument demonstrates sideways movement within the corridor formed by the center and upper lines of Bollinger Bands. MACD histogram is near zero level and has minimum volume; the signal line is crossing the zero level from below, forming a signal to open long positions. Stochastic is in the neutral zone, and the lines of the oscillator are directed downwards.

XAG/USD, H4

On the H4 chart, the instrument demonstrates sideways movement and the pair has corrected to the center line of Bollinger Bands; the price range is narrowed. MACD histogram is near the zero level keeping minimum volume. Stochastic is in the neutral zone, and the signal line of the oscillator is directed downwards.

Key levels

Resistance levels: 14.70, 14.77, 14.82, 14.89, 15.09, 15.23, 15.49, 15.59, 15.65.

Support levels: 14.60, 14.49, 14.43, 14.33, 14.22, 14.15, 14.05, 13.99, 13.93.

Trading tips

Long positions may be opened from the current level with target at 15.00 and stop loss at 14.43.

Short positions may be opened from the level of 14.30 with target at 13.93. Stop loss — 14.49.

Implementation period: 3-5 days.

Spot Silver

BuySellSpread
14.43314.37261

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point14.62
Take Profit15.00
Stop Loss14.43
Support levels13.93, 13.99, 14.05, 14.15, 14.33, 14.43, 14.49, 14.60, 14.70, 14.77, 14.82, 14.89, 15.09, 15.23, 15.49, 15.59, 15.65

Alternative scenario

RecommendationsSELL STOP
Entry Point14.30
Take Profit13.93
Stop Loss14.49
Support levels13.93, 13.99, 14.05, 14.15, 14.33, 14.43, 14.49, 14.60, 14.70, 14.77, 14.82, 14.89, 15.09, 15.23, 15.49, 15.59, 15.65
XAG/USD: technical analysis

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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