On the daily chart, the pair is trading just on the middle MA of Bollinger Bands, while bands narrowed down. The price remains below the EMA130 and EMA65, both directed down. The RSI found a support in the Bullish zone over the 40-mark and turned up. The Composite is also rising. MA’s for both indicators suggest a strength of the market.

XAG/USD: technical analysis


On the 4-hour chart, the pair is trading in the lower Bollinger band. The price remains below the EMA130, EMA65 and EMA14, all directed slightly down. The RSI failed its most recent support and is about to test its longer MA. The Composite is testing its longer MA after it formed a divergence with the price.

XAG/USD: technical analysis

Key levels

Support levels: 14.13 (local lows), 14.08 (8 December low), 13.90 (end of November lows).

Resistance levels: 14.33 (local highs), 14.55 (active trade), 14.69 (61.8% Fibonacci retracement).

Trading tips

Long positions can be opened from the level of 14.35 with the target at 14.54 and stop-loss at 14.29. Validity – 1-2 days.

Short positions can be opened from the level of 13.80 with the target at 13.55 and stop-loss at 13.91.


Materials published on this page are provided by LiteForex for informational purposes only and should not be construed as investment advice or advice for the purposes of 2004/39/EC Directive. In addition, these materials have not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the further distribution of investment research.

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