ForecastCity

SILVER Weekly Technical Analysis Update

FOREXCOM:XAGUSD   Silver / U.S. Dollar
Midterm forecast:
18.95 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 18.95 is broken.

Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to resistance(s) 25.10, 26.20, 27.00 and more heights 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 77.

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Comments

Thank you for sharing this amazing forecast with us.💯💯💯💯
+1 Reply
@fxniki, You're welcome!👍 we hope you enjoy it. 💎🙏💎
Reply
as always!
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thank you!
+1 Reply
I will keep an eye on this...
+1 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, Thanks a lot for your comment
+1 Reply
It will go up soon! Thank you!
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, Thanks for your feedback.
+1 Reply
Love the clean analysis, very nice
+1 Reply
@Kamryn, Thank you! Hope you enjoy it.
+1 Reply
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