Midterm forecast: 16.55 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low. A trough is formed in daily chart at 15.95 on 08/01/2019, so more gains to resistance(s) 17.20, 18.10 and more heights is...
Midterm forecast: 16.55 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low. A trough is formed in daily chart at 15.95 on 08/01/2019, so more gains to resistance(s) 17.20, 18.10 and more heights is...
We are buying XAG/USD Entry 16.11 SL 15.41 Target 17.21
XAGUSD reversed off its resistance at 17.22769 where it could potentially drop further to 16.61478. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD bounced off its support at 16.75898 where it could potentially rise further to 17.50400. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
While Gold printed a big rally in May and June, Silver was just lagging. The XAUXAG ratio near to all time highs. I think it's time for Silver to catch up and make a huge rally in the second daily cycle of this precious metal intermediate cycle. Silver's ICL occured on the 20th of May while Gold's ICL was on the 2nd of May, so it printed the ICL 3 weeks later...
After an impressive bull run, Silver had a very indecisive day on Friday printing a huge sideways candle. This could lead to a correction move to retest the 15.6 level that was broken without a retest. We also see that RSI has entered overbought territory. That, by itself means nothing but after that clean bullish move could mean that the price needs some oxygen...
Pretty self explanatory, awaiting retest of resistance before entering a Long position, Orders set in blue box for potential wicks below the current trend
XAGUSD is expected to drop to 1st support at 15.80311 where it could potentially react off and up to 1st resistance at 15.06265. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD expected to rise up to 1st resistance at 15.60299 where it could potentially react off and drop down to 1st support at 15.08266. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD bounced off its support at 15.135 where it could potentially rise further to 15.525. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD is expected to drop to 1st support at 15.11395 where it could potentially react off and up to 1st resistance at 15.35743. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and...
Midterm forecast: While the price is above the support 14.80, beginning of uptrend is expected. We make sure when the resistance at 16.20 breaks. If the support at 14.80 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI support #1 at 49 is not broken, the probability of price decrease would be too...
Midterm forecast: While the price is above the support 14.80, beginning of uptrend is expected. We make sure when the resistance at 16.20 breaks. If the support at 14.80 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI support #1 at 49 is not broken, the probability of price decrease would be too...