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SILVER MAY BE IN RANGE

killer195175_reborn Posted 25 Mar as Analysis on XAG/USD, Target: 16.20, Date: 1 di Maggio, 12:00 GMT  in #Technical analysis #Daily Chart #Rsi #Macd #Range #XAG/USD #Weekly Chart #Ellipse
Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator.
XAGUSD Weekly Chart
  • The MACD on the weekly chart is in the negative zone.
  • The RSI is neutral.
  • The Stochastics is headed South.
  • The pair has closed the week below 50 periods SMA.
Keeping these facts in mind the pair may see a down move in coming weeks but it will be restricted by rising trendline. The pair is assumed to be traveling in a symme…
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killer195175_reborn 27 Apr

Update-3
The Silver failed to break the support today at 16.41 level. Until the yesterday's low at 16.41 is not broken the achievement of 16.20 is less likely. The pair seems to be trading in a falling channel and we have only 2 business days left. let us see how the things unfold. A strength in US Dollar can push pair to 16.11 level too.

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killer195175_reborn 28 Apr

Update-4
The Silver ended the day at 16.48. This is a close below the falling trend line. We are having a hope of a slide to 16.11 before a rise in this Metal. As the buying will emerge at a support and that support seems to be at 16.11 levels. The question is whether it will be able to see 16.11 level before 1st May or not?

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killer195175_reborn 29 Apr

Update-5
There is a formation of a descending triangle in Hourly chart of the Silver. A break on the lower side will take the price to 16.11 levels. The stronger US Dollar is putting more and more pressure on Silver. Personal spending data from the United States is expected today. If the data implies strength in the US Dollar then the Silver may reach 16.11 on Monday.

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killer195175_reborn 30 Apr

Update-6
This is Monday 30th April and the pair has broken the 16.41 level. After a break it has also retested the level and got rejected from there. Now the next level lower is 16.11 and the level on the upside is 16.41. The price may consolidate here for some time before going lower. Currently it is trading at 16.30. This is very near to the target. Let us see how it behaves at 1200 GMT on 1 may that is tomorrow. China and Euro zone banks will be closed because of the labours day. no news from United States of America is due that can disturb price action.

killer195175_reborn avatar
killer195175_reborn 1 Mag

Update-7
The Silver today tested the 16.11 level after breaking 16.41 level. The metal made a low of 16.045 and at 1200 GMT it was trading near 16.25. So we are very close to the predicted level of 16.20. further weakness is expected in the pair in the coming days.

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GBPUSD MAY STRUGGLE AT 1.3450

killer195175 Posted 17 Dic as Analysis on GBP/USD, Target: 1.3400, Date: 1 di Febbraio, 12:00 GMT  in #Technical analysis #GBP/USD #Gbpusd #Daily Chart #Mcd #Rsi #Symmetrical Triangle #Rise #Upside #Weekly Chart #Ellipse
Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
GBPUSD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is falling.
  • The Stochastics is rising.
…
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