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XAG

Dollar DXY - Daily ScenariosIf you're in Stock Market, Crypto or Metals positions you need to have one eye firmly on the Dollar index chart, seen a lot of panic/fear across all markets the past week or so which is 9/10 a buy signal for me personally. The 1D chart is printing a bearish divergence on RSI which is the perfect recipe for price appreciation/continuation across all markets I just referred to, the 2 scenarios shown on the chart are the most likely, a safe entry from a cash position would be to wait for a rejection & a confirmed daily downtrend which would be fuel for green days across all markets.
TVC:DXY
by CRSpencer93
$XAGUSD - Technical analysis and some fundamentalsHi guys! 👋🏻 🔔 Silver once again outperformed Gold today by gains, Silver is up just over 1%, while Gold gained only 0.24%. 🔔 According to the CFTC data as of March 9, there is a 20,000 spread between the overall net positions on Silver Futures, with an edge going to short positions. The update of the CFTC data on Silver will be released later tomorrow, worth checking it out. 🔔 As per the technicals, silver seems bearish below the ascending channel, the retest of the channel’s dynamic support as resistance, on March 11 adds fuel to the bearish sentiment of XAG/USD. 🔔 Although Silver might look ascending in a short uptrend, supported by a signal from MACD, MA100 and MA200 act as a strong resistance lying right next to the dynamic level which acted as a strong resistance previously, there is a key level and a pattern which might halt the uptrend for a longer period. 🔔 A falling wedge pattern formed on a 4H XAG/USD chart suggests that there should be one more leg down before Silver could regain power and continue upwards. There is a strong resistance at levels $26.60 and $26.75, which should be tested soon enough, the area of this resistance’s strong repulsing force is backed by multiple static resistance points, upper edge of the wedge pattern and the upper edge of the local ascending channel. 🔔 If Silver is not able to break and close above $26.75 and is rejected by this resistance area, the sharp fall may send it back to $24.90 and $24.35. If Silver is able to close above $26.75, then it might signal the bullish continuation of the precious metal, however the first scenario looks more relevant based on the chart analysis and the data from CFTC. 🔔 To minimize your risk wait for the touch of the dynamic resistance mentioned above or breakout from the lower local dynamic support (black) ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
OANDA:XAGUSDShort
by azizelliott
Silver Weekly TimeFrame Analysis 01/02/2021as we can see we have few resistance areas and a heavy zone before reaching our Fibonacci projection parallel leg levels and we have specified it as our TP areas if the price continue its rally in the specified Chanel the Arrows so does the date for our TP occur ON time as we have specified them by Fibonacci time Zones i believe this commodity is under valued so we have some chance to purchase it and invest on it it has a long term horizon yet worth of thinking abut it please comment your opinon
OANDA:XAGUSDLong
by BitonGroup
6
SIlver on a short outlook 🦐On the 4h chart Silver after the new test of the strong resistance level created a double top and move to the support area at the 25.8750 area. If the market will break below, according to Plancton's strategy, we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
SAXO:XAGUSDShort
by InkyGrip
10