SILVER Weekly Technical Analysis Update

FOREXCOM:XAGUSD   Silver / U.S. Dollar
Midterm forecast:
. While the price is above the support 16.50, resumption of uptrend is expected.
. We make sure when the resistance at 18.95 breaks.
. If the support at 16.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
. We will close our open trades, if the Midterm level 16.50 is broken.

Technical analysis:
. While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low.
. A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains maximum to Major Resistance (18.95) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 67.
HighAccurate forecast for
★36 Forex Pairs: 750,000 pips track record profit
★34 Cryptos
★Gold, Silver, Oils, Gas
★Best Profitable Trading Strategies

in 8 languages

since 2007
★FREE Telegram


Thanks... I will keep an eye on this...
+1 Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, We hope you enjoy it
Nice idea .. worked like a charm
+1 Reply
ForecastCity Shiva_forex
@Shiva_forex, Thank you for your comment
I totally agree with your general expectations, such as the direction and targets that have been set. 👍🥰
+1 Reply
@fxniki, Thank you for following us and your support and nice comments. 💙🙏💙
thank you
+1 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, We appreciate your comment.
Superb analysis sir
+1 Reply
ForecastCity gafur9426
@gafur9426, Thank you 🍀 💙
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out