XAG/USD, D1

On the daily chart, the pair is trading in the area of the upper MA of Bollinger Bands. The price is above the EMA50, EMA100 and EMA144, all directed horizontally. The MACD histogram is in the positive zone, its volumes are growing. The DI lines are directed down, ADX is growing.

XAG/USD: technical analysis

XAG/USD, H4

On the 4-hour chart, the pair is trading between the upper and the middle MAs of Bollinger Bands. The price is above the EMA50, EMA100 and EMA144, all directed up. The MACD histogram is in the positive zone, its volumes are gradually falling. ADX is falling, the DI lines are crossing over each other and directed down.

XAG/USD: technical analysis

Support and resistance

Support levels: 14.95, 14.70, 14.52, 14.37, 14.25, 13.99, 13.78, 13.68, 13.53.

Resistance levels: 15.29, 15.43, 15.56, 15.85, 15.95, 16.13, 16.34.

Trading tips

Short positions can be opened from the current level with targets at 14.95, 14.85 and stop-loss at 15.30.

Long positions can be opened from the level of 15.40 with targets at 15.56, 15.90 and stop-loss at 15.30.

Validity – 2-3- days.




The material published on this page is produced by LiteForex 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.



!-- Go to www.addthis.com/dashboard to customize your tools -->