Silver / U.S. Dollar
🔸Hello traders, today let's review day/candle price chart for spot silver. strong recovery in progress currently, limited downside and bulls maintain strategic advantage. 🔸V-shape recovery in progress, also potential bullish IHS setup (required confirmation). right now we triggered mild overhead resistance near 25 usd and therefore expecting short-term pullback...
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Hello,Friends! We are going short on the SILVER with the target of 23.626 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Preferred direction: BUY Comment: We actively continue to follow our previous bullish scenarios for this currency pair. In general, in the medium term, we expect a strengthening of the US currency , which the Japanese yen will feel the most painfully. Moreover, earlier we talked about the long term, and here it is unlikely that we will have to wait for the...
Silver has been in a downward pointing "shape" with a resistance on the top as a force pointing down, while being supported in a "cup" shaped support that can become resistance on the up if it is broken down. The levels in this project are potential support/resistance zones in the future, where potential pivot points can occur (marked examples in the past)....
Hello,Friends! The BB upper band is nearby so SILVER is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 23.749. ✅LIKE AND COMMENT MY IDEAS✅
Purple Box: Bearish (21.6 - 22.1p/o) Blue Box: Bullish 1.(25 - 25.6) 2.(28 - 28.7p/o) Bullish Scenario Silver's a very under priced metal, I'm thinking because countries are stock piling more gold they should also be doing the same with silver... Prise is finding or has found support above 22p/o and so a push upwards towards 25 is highly probable... ...
Take a look at our analysis for SILVER. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 25.093. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the...
Gold has broken out of a multi-year resistance to new all-time highs. Silver has been lagging Gold. It has started to move and should accelerate in its catch up once Silver future push through 26. I am long SLV as a proxy. Silver miners may also be a great play but I don't like the rise in energy prices, which could continue to be a headwind for them.
BTC price hits new all-time high; surpassing silver’s market cap: Bitcoin (BTC) captured new all-time highs hitting $73.6K this week, making it the eighth largest asset by market capitalization globally. On March 12, spot BTC exchange-traded funds (ETFs) saw a record SEED_TVCODER77_ETHBTCDATA:1B of net inflows; with Blackrock’s IBIT taking in $849Mof...
Channels are an incredible tool for technical analysis. Today we're going to put them to the test with the recent moves up in silver, as it looks like the precious metal is currently sitting at a decision point that can (still) go either way. MEASURING IMPLICATIONS OF CHANNELS The real power of channeling is greater than just working with a supportive/resistive...
Preferred direction: BUY Comment: Metals continue to be among the top gainers, with gold trading at all-time highs. Such aggressive growth was caused by market participants who like to “catch the maximum”, i.e. find that very “filigree” point for a downward turn (in this case). Firstly, these are retail traders, but also various funds have begun to gain...
Preferred direction: SELL Comment: Considering the medium-term outlook for this currency pair, we continue to adhere to the weekly review, and the strength of the seller is still great. However, in the short term, most likely, the euro and the main competitors of the American currency will strengthen. We outlined this scenario for EURUSD at the beginning...
Preferred direction: SELL Comment: According to the results of yesterday's trading, the British pound fixed the target that we gave at the beginning of the week. At the moment, in the medium term, we are also looking down, which we noted in today’s trading ideas for the euro. Just like for the euro, the pound is expected to update its maximum at the level of...
XAGUSD / 1D XAGUSD / 1D Silver has been Trading in a trading range with a bullish long-term trend, the price recently tested a KEY Level which suggests a run higher. Checkout the chart for the swing targets and what kind of confirmation bulls need to see for the next pull-back if it happens. Trade safely, Trader Leo
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Silver broke and closed above a key daily horizontal structure resistance. The broken structure turned into a key support now. I will expect a growth to 25.46 level. For entry, consider a retest of a broken structure. ❤️Please, support my work with like, thank you!❤️
Silver OANDA:XAGUSD Let's take a closer look at Silver , a precious metal known for its notable volatility compared to Gold. Initiating our count post the COVID fall, a swift Wave (1) movement unfolded, followed by an extensive Wave (2) correction featuring a Flat pattern and subsequently a Zigzag for Wave (2). The completion of Wave (2) occurred around...