XAG/USD, D1

On the daily chart, the pair is trading above the upper MA of Bollinger Bands. The price is above the EMA50 and EMA100, both 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 in the area of the upper MA 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 extremely high. The +DI line is directed down; the -DI line is directed horizontally. After its growth, ADX has turned horizontally.

XAG/USD: technical analysis

Support and resistance

Support levels: 14.67, 14.52, 14.37, 14.23, 14.00, 13.78, 13.66.

Resistance levels: 14.93, 15.28, 15.51, 16.13, 16.34.

Trading tips

Long positions can be opened from the level of 14.93 with targets at 15.28, 15.50 and stop-loss at 14.70.

Short positions can be opened from the level of 14.67 with the target at 14.50 and stop-loss at 14.83.

Validity – 2-3 days.




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