Silverusd
ANALYSIS ON SILVERUSDANALYSIS ON SILVERUSD
Welcome to my analysis
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4HR CHart
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Interesting Point of interest In the SILVER/USD pair.
- Price above 200 day EMA.
- look for buy signals TO GREEN ZONE.
- Watch top for sell.
- Watch line for break out to the downside.
- MACD showing bearish divergence
Long term i am expecting move to the upside. Will update soon
Stay Tuned
Silver Surfer is catching up GoldIf you like this idea, don't forget to support it clicking the Like Button!
Silver consolidated around $18 last week. Gold / Silver ratio is currently floating around 86.6.
Silver incurred in an important price increase in 2019, especially after the Fed cut interest rates in July and September (2019). However, the metal has not been able to break the $19 price range consistently.
From a technical point of view, in the long run, I would be Neutral. However, the Gold / Silver ratio is still high, and, in my opinion, the disparity between the value of Gold and the value of Silver offers a profitable investment opportunity.
Investing Fellow
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.
Waiting for SilverIf you like this idea, don't forget to support it clicking the Like Button!
Hi guys. This idea is a long term analysis of the Silver bullish trend (probably bullish).
My tactic for silver is to wait until the point (C) is reached and to expect for candle confirmation of bullish trend continuation.
If you are looking for a short-term trade on Elliott corrective waves, I suggest you look to the related copper idea.
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.
XAGUSD (Silver): Long term Buy opportunity on Symmetrical TargetSilver delivered our expected aggressive bullish break out as posted on the idea below on December 9, 2019:
On this uptrend the Symmetrical Resistance levels seem to play a key role as investors seem to be taking profits on every test of those levels, pushing the price lower. The first level of Resistance was 18.110 and the most recent one 18.750. At the moment the price is on the pull back/ rejection of that Resistance level. We are expecting the 1D MA50 (blue line) to provide adequate Support for a rebound towards the next (and final) Resistance level at 19.600. The optimal entry level will be once the MACD makes a bullish rollover.
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Silver Long Term Bullish Trend with 3 Possible Scenarios Currently bullish on silver with the following scenarios to be considered
A. Price breaks 18.20 resistance and continues higher to 18.70 or beyond
B. Short term pullback to 9ema zone before we continue higher and break resistance
C. A larger pullback to do more formal retest of the broken 17.40 area
All daily trend signals have flipped bullish (9ema, 20ma, ichi cloud twisting green), MACD also signaling green, the STOCHRSI is signalling a pullback in the near future.
Silver is a buy, any puts i'm in are for hedging.
SILVER Near Term ProspectsLooks like we are having a nice rally in SILVER to finish out the c-wave of a multi-month (b)-wave.
Fundamentally, SILVER is in a correction, so expect tops to be spikers and bottoms to form over time. Thus, once this (b)-wave rally completes somewhere over 18.31, expect price to get Monkey Hammered down in the following (c)-wave.
Silver Prediction for Spring 2020My prediction for silver is a rally which will last until Spring 2020 where it will hit the early $20's/oz. This is based on the pretty perfect technical breakout we saw a month back, which has now back tested and is preparing for the next leg higher. This is all happened while the gold/silver ratio is weakening quite dramatically relative to gold.
Silver Chart AnalysisIn this long term chart of silver, a ascending broadening wedge is present, which led to a bearish breakdown. A falling wedge which led to a bullish breakout. A bearish descending triangle, and a recently formed bull flag that may lead to further upsides. Rising MACD supports this idea.
XAGUSD: Close to a bottom. Aggressive Bull in 2020.Silver has been trading inside a Falling Wedge since the early September Top (1D RSI = 37.923, MACD = -0.187, Highs/Lows = -0.1939) and is currently on the Lower Low. 1W is turning neutral as the Wedge is close to exhausting its limit. The 1D MA200 is approaching to provide Support.
Based on the 1D RSI and MACD patterns, there are a lot of similarities between the September - December sequence and January - March fractal. On the RSI side both display a Channel Down, while the MACD is consolidating on its lows.
According to that we've reached the conclusion that XAGUSD is at or close to its new long term bottom (the Jan-March fractal made the bottom on the symmetrical support provided by the last Higher Low). Expect an aggressive bullish break out by January 2020.
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Will the Silver Rally Continue?Silver tends to move in a very specific way. It moves very fast for a few days, only to act very calm in the next several days. Silver already lost its downward momentum as its been calm for a few days now. This characteristic pattern is what we saw also when Silver completed a broad top (just as it did recently) earlier this year.
What does it all come to?
For the 24 hours, Silver rose 1.22% against the USD and closed at USD 16.97 per ounce, tracking gain in gold prices. We prefer Long positions around 17.00 with targets at 17.1500 (and follow to 17.60 if extends) and Stop Loss: below $16.89.
The price have bounced just a bit from the support trend line on 1-hour chart, which of course is a bullish sign. Additional, the white metal is showing convergence with its H1 20-day moving average and is trading above its 50 Hr SMA.
The Silver seasonality also suggests that the short-term decline in the white metal might be over or close to being over as local bottoms tend to form close to the middle of November.
The daily RSI is bullish and calls for further upside. More interestingly, on the daily chart the Stochastic indicator just moved to levels that are low enough to indicate a short-term buying opportunity on their own. This simple technique worked very well in the previous 12 months. But on the H1 chart both indicators are in overbought zone, so we can see a little bit downside pressure to the support trend line around $16.96. We like the idea of buying dips, and it appears that we have just saved the overall uptrend, at least so far.
In conclusion, with all that in mind - Are you agree with our long positioning?
ANALYSIS ON XAGUSD (Silverdusd)ANALYSIS ON XAGUSD (Silverdusd)
Welcome to my analysis
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30Min CHart
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Interesting Point of interest In the XAGUSD pair.
- Price below 100/200 day EMA.
- Buy reversal.
- Expecting more Upward momentum.
- Watch 17.07500 - 17.43000 for take profit.
- MACD showing bullish divergence
Stay Tuned
SILVER (XAG/USD) | 16.500 - Keep An Eye On It!Hi,
Green area consists of:
1) Fibonacci Golden Ratio 62%
2) Fibonacci Extension 127%
3) Middle number 16.500
4) Daily & Weekly EMA200 are around the marked area.
5) 2X AB=CD!
6) Channel projection
7) Let the bullish price action around the green area guides you into the trade!
16.500 is the key level, wait for a smaller timeframe candlestick patterns after the touch. As said let the price action guides you into the trade ;)
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Regards,
Vaido
Silver monthly update / buy setupHello traders!
Monthly supply range(blueish) held perfectly well and now we are due for a retest lower.
*16.60$ - was never re-tested after a breakout and now should be a point of interest for investors.
We should see it being re-tested very soon. MACD suggest that there's plenty of momentum left & $16.40 in November - very likely.
Next target is $23 .
*Buy zone $16.40 - $16.60.
*Take profit zone $23.
This is not a financial advise. Have a great day!