XAGUSD on the 15 minute chart- bounced off an intermediate term anchored VWAP during the middle of the NY session. The Relative Trend Index indicator and the Z-score are confirmatory. Price is now trending on the line of 2 standar deviations above the mean VWAP line . I will open a trade here targeting 25.25 expecting a rise to the third deviation line in...
XAGUSD on the 2H chart over the past month has ascended into a head and shoulders pattern and then descended into a pivot on June 22nd. As it is now ascending, silver is a long trade candidate. I see the stop loss as pivot low on 5/25 . Based on the volume profile and its POC line, as well as the H & S pattern, the first target is the POC line at $ 23.3, the...
XAUUSD- had a big down move on the London Session ; it is now in a triangle with trend lines drawn on the 15 minute chart. The upper resistance trendline has held from far more touches than the support trendline below. I conclude it is more or most likely, that XAUUSD will breakout from this triangle on a relatively lower time frame with bearish continuation...
Based on the weekly chart, I see the DOW / XAGUSD ratio as rising in the past year. I see this as meaning the DOW stocks have been valued by market participants as compared with the valuation of silver. Further, I see the relative strength of the ratio showing some bearish divergence of late. The DOW stocks are challenged by the current macroeconomics...
OANDA:XAGUSD Spot silver put in a triple top in early March into early April on the daily chart. It then descended over the next three months in what may end up being the leading side of a cup and handle pattern into a bottom about July 13th. Spot silver then rose a bit over the next five weeks and now has retested the bottom now forming a double...
OANDA:XAGUSD XAG is shown of the daily chart. has long-term resistance at 24.39. At present, it has been trending on an arc with may represent the downward slope of a cup and handle pattern. Moreover, a Hull Moving Average over 90 days shows a good pit to the price action. The RSI candles confirm the price action with low strength at price lows then an...
Spot Silver has been in a general downtrend albeit it with a short rally. On the weekly chart the context of the rise in the stochastic RSI to over 60 and the MACD approaching a K and D line touch as well as the print of a weekly candle as a red Doji after the recent federal minutes release and another federal calendar event on 8/22 I will take a short on...
It looks buy per Fib. and trend lines. Basic supports & resistances are noted in chart.
I rarely trade silver, but here's what I see. I against the hype! Catalyst: - Price action Here's below my entry