XAG/USD, D1
On the D1 chart the instrument moved away from the support level of 16.45 and moved to growth. Bollinger Bands are directed sideward, and the price range ins widening indicating the preservation of the current trend. MACD histogram is in the negative zone with its volumes reducing and keeping the sell signal. Stochastic is in the oversold zone indicating the possibility of changes in the downward tren in the short term.
XAG/USD, H4
On the H4 chart the instrument is trading in the lower area of Bollinger Bands. The indicator is directed downwards and the price range is narrowing down which serves as a basis for the change of the current trend. MACD histogram has reached a minimum level in the negative zone keeping the sale signal. Stochastic is correcting in the neutral area giving no clear signals for entering the markert.
Key levels
Support levels: 16.17, 16.30, 16.40, 16.48.
Resistance levels: 16.58, 16.66, 16.75, 16.84.
Trading tips
Long positions may be opened from the current level with targets at 16.75, 16.80 and stop-loss at 16.35. The period of implementation is 1-2 days.
Short positions may be opened from the level of 16.40 with targets at 16.10 and stop-loss at 16.50. The period of implementation is 1-2 days.
On the D1 chart the instrument moved away from the support level of 16.45 and moved to growth. Bollinger Bands are directed sideward, and the price range ins widening indicating the preservation of the current trend. MACD histogram is in the negative zone with its volumes reducing and keeping the sell signal. Stochastic is in the oversold zone indicating the possibility of changes in the downward tren in the short term.
XAG/USD, H4
On the H4 chart the instrument is trading in the lower area of Bollinger Bands. The indicator is directed downwards and the price range is narrowing down which serves as a basis for the change of the current trend. MACD histogram has reached a minimum level in the negative zone keeping the sale signal. Stochastic is correcting in the neutral area giving no clear signals for entering the markert.
Key levels
Support levels: 16.17, 16.30, 16.40, 16.48.
Resistance levels: 16.58, 16.66, 16.75, 16.84.
Trading tips
Long positions may be opened from the current level with targets at 16.75, 16.80 and stop-loss at 16.35. The period of implementation is 1-2 days.
Short positions may be opened from the level of 16.40 with targets at 16.10 and stop-loss at 16.50. The period of implementation is 1-2 days.