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XAGUSD

As prior predicted, Silver took out the 22.40$ area and now is looking for the 30$ critical level.http://www.dukascopy.com/fxcomm//technical_analysis/?action=blog&nickname=Erric1&filter_month=TechnicalAnalysisContest_June_2013On the daily chart, above Senkou B as well as above the 50 EMA,a bit overbought with a 75+ RSI reading (need to cool down a bit) but must not violate (to the downside) the 21$ areaIf so then a move to take out the 200 EMA will unfold (at 25$ now), following by a strong and …
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Erric1 17 Ago

17/8...another strong up day, closing at 23.26 up for the day and up for the week. The 25$ target 1 area should be printed next 2 weeks. Very bullish sign the abillity to trade (that) higher on a 77+ rsi (day) reading

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Erric1 20 Ago

20/8...we got the pullback below 22.50, longs are trigered..cooldown was done now with a 66 RSI reading.

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Erric1 27 Ago

27/8....a 2$ move on our side after the dip below 22.40 was done this week, now the 200 EMA target1 at 25 is only 50 cents away. some consolidation on that level 1 or 2 weeks before the final attack to the 29.85 target

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Erric1 28 Ago

28/8 target 1 25$.done!

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Erric1 14 Sep

14/9 the 21$ level held nicely and the plan is not violated, next 2-3 weeks will be very volatile. Need to regain 25 as fast as possible in order to target the final target on time...next friday 20/9 close must be above or around 25$

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XAGUSD

Nice bottom action at way oversold levels with a V shape almost 2$ move.Its too early to say, but we may have seen years lows.A move above 22 is in play and can shoot as high as 24 till August the 1stTaking out Tenkan and Kinjun on a daily chart will be step 1, forst 2 weeks of Julycooling out a bit just before attacking the 50 EMA (22.40 now)After that the cloud will be the challenge, among with the 23.60 retrace (22.27 area)punching through and breaking out free on the other side,printing a 38…
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