XAGUSD on the 120-minute chart is at the top of the high volume area on the profile. This
is a relative volume void above and a high volume area breakout is possible or even likely.
The TTM squeeze indicator has just triggered. The Price Momentum and Relative Trend
indicators appear bullish. I assert that spot silver is bullish right now and mining stocks...
FSM is on a 30-minute chart. The trade idea is that FMS suffers in drops in spot sliver but
thrives when spot silver rises as its fixed expenses in mining allow for increases in margin
in a curvilinear fashion when spot silver rises. This is more so than a senior miner such as FCX
that moves slower when metal prices rise or fall. I see the quick geopolitical...
HL shown on the reliable daiy chart while spot silver is uptrending. demonstrates multiple
bullish signs including a cross over the POC line of the volume profile and now the confluence
of a 200-50-20 triple convergence coindident with a cross of the long anchored mean VWAP
and a gaint ( "gib ass green") engulfing green price candle of 7% magnitude with...
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...
Spot silver broke long term down trend recently, look for pull back to bounce off the downtrend and start heading up to test highs and set new ones. $84 target
