XAG/USD Trade Ideas

Relevance up to 15:00 2020-04-02 UTC+2 Technical outlook:Silver has retraced its recent drop up to fibonacci 50% around the $14.65 levels, which is expected to provide resistance. The rectangle mark is resistance zone that extends up to fibonacci 0.618 retracement towards $15.32 levels. If bulls a....

Relevance up to 15:00 UTC+2 Technical outlook:Silver has retraced its recent drop up to fibonacci 50% around the $14.65 levels, which is expected to provide resistance. The rectangle mark is resistance zone that extends up to fibonacci 0.618 retracement towards $15.32 levels. If bulls are able to ....

Trade idea SELL 14.70; TP 14.40; SL 14.80 XAG/USD broke below the 61.8% Fibonacci retracement of the November-February advance at 14.77. A weekly close below this mark will provoke further declines. Moving averages on the daily chart are in the bearish order. The next Fibonacci level at 14.37 is the...

The week starts with the low volatility of the currency market. EUR/USD is at 1.1515, in the area recorded before the Friday publication of the US labor market report. USD/JPY is also exactly at the same level, 113.85. After a long break, investors have returned to Chinese exchanges and the start of...

Most currencies try to erase part of yesterday's strengthening of the dollar, although the moves are not among the strongest. Risky currencies like AUD, NOK, CAD and SEK predominate as EUR/USD is struggling to recover the level of 1.20, GBP/USD fluctuates slightly at 1.36 and USD/JPY were around 109...

Technical outlook:Silver daily chart view has been presented here for a bigger and clear wave picture. Silver had earlier dropped into 5 waves as labelled here between $17.70 to $16.10 levels, forming an impulse wave (1). Thereafter, silver had produced a 3 wave a-b-c counter trend rally that termin...

Technical outlook:Silver 4H chart snapshot has been presented here which is indicating that the metal has completed or near to completing its impulsive drop which began from $17.35 levels. Since April 19, 2017, the metal has been forming lower highs and lower lows and it is still expected to continu...