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XAG USD ( Silver / US Dollar)

Silver H1 | Potential bearish reversalSilver (XAG/USD) has just reacted off a pullback resistance and could potentially drop lower from here. Sell entry is at 22.948 which is a pullback resistance. Stop loss is at 23.210 which is a level that sits above a swing-high resistance. Take profit is at 22.587 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAGUSDShort
by FXCM
1
A Traders’ Weekly Playbook: After record levels comes chopOn the week we learnt that the UK and Japan are in a technical recession, although this meant little to markets and perhaps the bigger issue in Japan was the steady stream of pushback from key Japanese officials on recent JPY strength. US retail sales fell 0.80% in Jan, a sinister turn when both US CPI and PPI were far hotter than expected, putting us on notice that the US core PCE print (due on 29 Feb) could be above 0.4% MoM - which if seen a year ago would have been a trigger for the Fed to hike by 25bp. The Feb CPI print (due 12 March) will get huge attention, and while some way off is a key date for the diary. Among a barrage of ASX200 companies reporting, we also saw a poor Aussie employment report, which put great emphasis on the February employment report (due on 21 March) given economists (and the ABS) expect a solid snapback in hiring in this data series. The ASX200 eyes new ATHs, and key earnings from the likes of BHP, RIO, QAN and WOW this week could take us there. In markets, the USD gained for a sixth straight week, although a 0.2% week-on-week (Wow) gain was more of a stealth grind higher than an impulsive one-way tear. Assisting USD flows was a reduction in US swaps pricing, where we started the week with 113bp of cuts priced by December 2024, and finished with 91bp (or 3.6 cuts), which helped lift the US 2YR Treasury to 4.64% (+16bp on the week). If the market hadn’t already amassed a sizeable USD position, then one could argue the USD move would have been higher. The EURUSD weekly shows indecision to push the pair lower and a move above 1.0805 (last week's high) and should take the pair through 1.0828 (200-day MA) and onto 1.0865, which would be a level I’d be looking to fade longs on the week. While we saw the US500 0.4% lower on the week, we saw the prior week's low of 4918 (and the 5-week EMA) holding firm, with traders selling the VIX index above 15%. While US cash equity will be closed Monday for Presidents Day, I’m expecting choppy trade through to Thursday - so the intraday environment for day traders could get a little messy and it will pay to be nimble. The NAS100 was the underperformer last week but should attract good attention from clients this week with Nvidia’s number due out on Wednesday (after the cash close), and where the market eyes some punchy in reaction to the headlines, which could spill out into AI names more broadly. The Year of Dragon got off to a solid start for China equity outperformed, notably in the small-cap space (the CSI500 closed +10% WoW) and we see the CN50 index looking compelling for further upside, and I see 12,000 coming into play. While National Team flows and PBoC liquidity have supported China/HK equity, economics do matter, so put the China Prime rate decision and new home sales data on the radar to potentially influence this week. On the China proxy theme, Copper etched out a solid move on the week although we have seen selling interest into $3.80. Crude is also getting attention from traders, with price gaining 3.4% WoW and testing the 29 Jan pivot high. Moving in a bullish channel we see upper trend resistance into $80.50 – a level to put on the radar. Staying in the commodity theme, silver (XAGUSD) has found good buying interest off $22 and has closed above the double bottom neckline and the 200-day MA – upside into $24.00/50 looks possible. On the ag’s, cocoa and wheat come on the radar as short set-ups, while corn has seen a solid bear trend since October but indecision in Friday's price action, suggests traders are on notice for a small reversal this week. The marquee event risks for traders to navigate: Monday US cash equity and bonds are offline for Presidents Day – futures will be open but will close early. Tuesday China 1 & 5-year Prime Rate (12:20 AEDT) – The market sees the 5-year Prime rate lowered by 10bp to 4.1%, while the 1-yr rate is expected to remain at 3.45%. The Prime rate is the benchmark rate by which households can borrow from Commercial banks. We may see some disappointment in China's equity markets if the PBoC refrain from easing, which has been the trend of late. This time may be different, so conversely, a deeper-than-expected cut across both tenors may see traders adding to an early long position in the CN50 index. Wednesday Canada Jan CPI (00:30 AEDT) – The consensus is we see Canadian headline CPI coming in at 3.2% (from 3.4%) and core CPI unchanged at 3.6%. The CAD swaps market sees the first cut from the BoC occurring at either the June or July meeting. A core print above 3.6% should see good CAD inflows, while below 3.4% should interest CAD sellers. The GBPCAD (daily) setup is on the radar, where a closing break of 1.6950 would inspire short positions for 1.6800/1.6750. Australia Q4 Wage Price Index (11:30 AEDT) – the median estimate from economists is for Q4 wages to increase 0.9% QoQ & 4.1% YoY (from 4%). The AUD may see a small move on this data point, but it will naturally be dependent on the extent of the outcome vs expectations. A wage print above 4.3% would be a big surprise and get some attention from Aussie rates traders who see the first cut (from the RBA) at the August meeting. Nvidia Q424 earnings (after-market) – as noted in the Nvidia preview the options market prices a substantial -/+11% move on earnings. Naturally this sort of reaction – if it plays out - has the potential to cause big volatility in the NAS100 and US500 after the cash market close, so it is a clear event risk. Thursday FOMC meeting minutes (06:00 AEDT) – the January FOMC minutes should be a non-event given it predates last week’s stronger US CPI and PPI print. Any colour on an early end to QT may get some focus though. EU HCOB (flash) manufacturing & services PMI (20:00 AEDT) - the market looks for the EU manufacturing index to print at 47.0 (from 46.6) and services at 48.8 (from 48.4). If these median expectations prove to be correct, then we would see a slight improvement in the pace of decline, which is modestly EUR positive. Seems unlikely we see a sizeable reaction in the EUR unless we see services above 50.0. UK S&P (flash) global manufacturing & services PMI (20:30 AEDT) - the market looks for the UK manufacturing index to print at 47.5 (47.0) and services at 54.5 (from 54.3). So, a slight improvement is expected in both metrics. A service PMI print above 55 could see increased movement in the GBP and cement expectations the BoE will look to cut rates from August. GBPUSD needs a catalyst as it tracks a tight sideways range, while I hold a preference for GBPNOK lower, with GBPCAD shorts a potential trade I’m looking at. Friday S&P Global US Manufacturing & Services PMI (01:45 AEDT) – the market looks for manufacturing index to print at 50.5 (from 50.7) and services at 52.1 (from 52.5). Any reading above 50 shows expansion from the prior month, so if the consensus proves to be correct then both metrics will show expansion but at a slower pace. Hard to see a pronounced move in the USD or US equity unless we see a sizeable beat/miss. China New Home Prices (12:30 AEDT) – China’s new home prices have fallen every month since May 2023, so further falls seem likely in the January series. China equity may find sellers if we see the pace of decline increases from the December outcome of -0.45%. Any improvement in the pace of decline could be taken well by the CN50 and HK50 Index which are already seeing tailwinds courtesy of National Team buying. ECB 1 & 3-year CPI expectations (20:00 AEDT) – there is no consensus by which to price risk for the EUR, but consider the last estimate was 3.2% and 2.5% respectively. Any impact on the EUR will come from the extent of the revisions. June remains the likely forum for the ECB to start a cutting cycle. Biased long of EURJPY given the bullish momentum for 163. US Politics – The South Carolina REP Primary is held on Saturday – will this be the stage for Nikki Haley to formally exit the REP Nominee race? Marquee corporate earnings reports • US corporate earnings – Home Depot (Before-market 20 Feb), Walmart (Before-market 20 Feb), Nvidia (After-market 21 Feb) • ASX200 Corp earnings – COH (19 Feb), BHP (20 Feb), WOW (21 Feb), RIO (21 Feb), QAN (22 Feb), FMG (22 Feb) • HK Corp earnings – HSBC (21 Feb)
PEPPERSTONE:NAS100
by Pepperstone
SILVER - Watch For This Sell!In our last analysis, we identified that we were in a major correction and that we were in the final wave of the correction. We called for shorts mid December and price went on to make a massive move lower. We have now another opportunity to enter shorts for the final time. Where we have the arrows marked out, we can see a really interesting fractal. In July 2023. we saw a complex ABC correction, which we are now seeing again on a smaller scale. We are expecting price to reject our sell zone and move lower to the structure level indicated Trade Idea: - Watch for rejection of sell zone - For confirmation, use lower timeframe trendline break or BOS - Enter with stops above the highs after confirmations have been met - Targets: 22, 21, 20.7 Goodluck and as always, trade safe!
OANDA:XAGUSD
by WicktatorFX
⚡️Strifor || GBPUSD-16/02/2024Preferred direction: BUY Comment: It’s strange that we don’t yet see such strong bullish sentiment for the pound . However, the prospects is still the same and the nearest growth target is located at the level of 1.26810 . The medium-term prospects also look positive for the buyer so far. After overcoming this level, one can count on growth to 1.28000 , where more serious medium-term resistance is already located. The first attempt to break through this resistance will most likely be unsuccessful, but sooner or later it will be broken. Based on this, we can expect more global growth towards the level of 1.29000 . Thank you for like and share your views!
Long
by Strifor
3
⚡️Strifor || EURUSD-16/02/2024Preferred direction: BUY Comment: The target of the previous long trading idea is fixed, but nevertheless, we continue to adhere to the buy-priority. Medium-term prospects continue to develop in favor of the buyer, this was especially confirmed by the middle of the week, when the limit buyer demonstrated itself. In addition, the euro was supported by more negative data on US retail sales. Today is also a busy trading day for economic events, and to a greater extent, we are talking here about the American session. As was said, this trade idea is of a medium-term mood, and the target of 1.09000 was taken within at least 1 trading week. Thank you for like and share your views!
Long
by Strifor
1
⚡️Strifor || USDJPY-16/02/2024Preferred direction: BUY Comment: Despite the short-term and medium-term bearish outlook for the US dollar , the USDJPY currency pair will still remain a buy-priority, most likely in the long term. In the very near future, the instrument will most likely go for a correction, but you should not count on too deep a downward movement. The medium term for this pair looks quite doubtful, and the short term is quite risky, since near the level of 150 the Central Bank of Japan may intervene at any time. Only the long-term scenario is considered with confidence, which involves trading at the level of 150 with the prospect of growth above this level. Thank you for like and share your views!
Long
by Strifor
1
Silver H4 | Potential bearish reversalSilver (XAG/USD) could rise towards a swing-high resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 23.064 Why we like it: There is a swing-high resistance that aligns close to the 78.6% Fibonacci retracement level Stop Loss: 23.314 Why we like it: There is a pullback resistance level Take Profit: 22.627 Why we like it: There is a pullback support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAGUSDShort
by VantageMarkets
XAGUSD Buy opportunity on a 1 month horizon.Silver (XAGUSD) is on the 2nd straight green 1D candle, the strongest two day rally since December 14 2023. The natural technical Resistance is the 1D MA50 (blue trend-line) and if broken and the 1D candle closes above it, we will buy the break-out and target the 0.786 Fibonacci level at 25.000. This is because based on the 1D RSI, the current Double Bottom rebound is similar to tthe late June - early July 2023 rebound. The RSI supported by a long-term Higher Lows broke above the top of a descending channel. That was an early signal 3 days before the 1D MA50 break-out which formed a peak on the 0.786 Fib on July 20 2023. Note also how the 1W MA100 (red trend-line) has been an excellent buy level for short-term rebounds. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDLong
by TradingShot
⚡️Strifor || GBPUSD-15/02/2024Preferred direction: BUY Comment: Just like in the euro, we stubbornly continue to look closely at purchases in the pound. Of course, this idea has exclusively medium-term prospects. Scenario №1 is in the works, and scenario №2 may be activated in the near future. In this case, long entry points will need to be looked for near the level of 1.25000 . Regarding the targets, everything is unchanged - 1.27000 and 1.28000 are the main ones. Thank you for like and share your views!
Long
by Strifor
1
Will SILVER Finally Break The Support Level?Hi Traders! There is a potential breakout on SILVER as it tries again to break the long-term support level.   Here are the details: Looking at the price action, it looks bearish; the market swings are lower with lower highs and lower lows. The market has broken and closed under the 20 EMA, and this is the third time around the 21.885 support level. The plan is to wait and see how the market reacts at 21.885. If the market holds above this level, then it will likely target the resistance trendline. However, if there is a break and close below 21.885, there is a good chance of targeting the long term support level at 20.696. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance 1: 22.639 Support 1: 21.885 Support 2: 20.696 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
TVC:SILVERShort
by BluetonaFX
1
SILVER: Navigating the Battle of the Giants for Maximum ⭕️By examining the trend in the one-hour time frame, silver has an important key resistance in the range of 65.20-65.07.❌ 🎯In general, this scenario is strengthened that the shortfall, provided that the mentioned resistance is maintained, will decrease to the support of the intermediate level in the range of 127.2% Fibo at $64.51, in the meantime, the support of the previous level will be seen in the range of $64.77. became.📌
FX_IDC:XAUUSDGShort
by arongroups
SILVER The Target Is UP! BUY! My dear subscribers, My technical analysis for SILVER is below: The price is coiling around a solid key level - 22.233 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 22.514 My Stop Loss - 22.032 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDLong
by AnabelSignals
1
gold market short-term update bears maintain control🔸Hello traders, here's a short-term gold market update, this is 2 hour price chart. recently price action is contained within well-defined price range. 🔸Range highs set at 2050 usd, range lows set at 2015 usd, premium prices overhead at 2055/2060 usd, below at 2010 usd. currently trading at 2033 usd near mid-range, no trades recommended in mid-range. 🔸Short-term outlook and recommended strategy: higher risk strategy, bulls may look for a final pump near range lows , buying near 2010/2015 usd with SL fixed at 2000 usd, however this is a higher risk strategy. Recommended strategy is to look for sell setups after final pump, so bears will do great by short selling near 2050/2055 usd, SL fixed at 2065 usd, TP1 is 2020 USD TP2 is 2000 USD. good luck, traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
OANDA:XAUUSDShort
by ProjectSyndicate
2
⚡️Strifor || SILVER-09/02/2024Preferred direction: BUY Comment: One of the most effective recoveries is also observed in silver . Here, too, silver outperforms gold , which does not recover in price as effectively. At the moment, we have scenario №1 active and the price has approached the level of 22.66582 . This is an obstacle that we expected in the near future. However, we continue to expect further growth towards the intended goal, where growth may be facilitated by Friday's fixation before the weekend, as well as the influx of additional resources in the format of sellers. Thank you for like and share your views!
OANDA:XAGUSDLong
by Strifor
1