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XAG/USD Analysis


acunmeswew

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Based on 1 hour time frame chart the price still pressured by seller with the price able to break the middle channel band and successfully closed below. The current price is also move below the pivot level. Stochastic however fall to level 30 but RSI able rise to around level 41. MACD(12,26,9) also formed lower low on the red zone with PSAR which is moving above the price. Based on the analysis above, this pair predicted to be bearish with support at 17.348

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Bullish engulfing pattern formed on Silver at 30 minutes frame where the highest rice closed above 17.67. The price at the moment gives bullish indication for this commodity. RSI(14) seems to rise around level 66 and Stochastic(5,3,3) rise to around level 81. MACD(12,26,9) formed higher high. The bias is bullishand the next target seems to be 17.87

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H1 chart price of Silver show that there is recovery from this commodity where the price is keep weakening and also the pivot line observed to make a place above the price. In this chart RSI and Stochastic seems fall down to level 47 and 62. The other indicator which is Parabolic SAR also moves above the price with the pair predicted to be bearish and support at 17.466

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Silver is doing well here with the price is moving below the EMA100 and Parabolic SAR , this indication is bearish with the opening price is moving below pivot line too and cannot break it. RSI in this chart seems fall to around level 42 while Stochastic also fall down but to around level 24. The other indicator which is MACD that form higher low, so based on that this pair will fall towards 17.481

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Silver on H1 chart failed to break and closed down below EMA100 instead the price is getting further away and closed above EMA100. With morning star spotted and also support from RSI, Stochastic, and MACD(12,26,9), the price seems to be under huge bullish influence. It seems correction may takes place but overall the price may rise higher up to 17.875

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Silver on 30 minutes chart formed a bullish engulfing pattern which later become a rejection from EMA100. It seems this pair may rise higher but first it will corrected since RSI and Stochastic both fall down to around level 78 and 79 respectively. MACD still with higher high. So based on that the price overall target is at 18.110

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Silver on H1 chart observed to be bullish and the price is successfully able to break EMA100 and EMA50 with close above the price and thanks to bullish engulfing pattern. In this chart i see RSI rise to level 53, while Stochastic rise to level 81 waiting to be in overbought area. MACD formed lower high and Parabolic SAR is above the price. So it seems that Silver will rise towards 18.546

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On Silver's H1 chart bullish engulfing observed which make the price able to break Parabolic SAR and also EMA100, with this the price is moving above those 2 indicators. RSI and Stochastic are in odd, where RSI rise towards 56 while Stochastic fall towards 40 even just slightly, MACD in this chart also formed higher low. So the pair maybe bullish with resistance at 18.265

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Silver shown us that on 1 hour time frame this pair is moving above EMA100 and pivot line also successfully rebounded as the result from that. Head and Shoulder also spotted combined by Morning star pattern which formed few candles before. RSI and Stochastic on H1 chart observed to rise at around 52 and 82 respectively while MACD formed lower high formation. Based on that this pair expected to be bullish with resistance at 18.844

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Silver still trying to recover itself but still failed to break EMA100 and the price closed below, so it could be said this commodity is under bearish sentiment. RSI and Stochastic of this chart  observed to fall to around 37 and 60 respectively, while MACD formed higher low formation. So based on the analysis, then this pair will falling down towards 17.000

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  • 2 weeks later...

Silver on 1 hour chart, show that the price has potential to keep weakening deeper than what expected after created a new low this week. The price position is below EMA100 right now considering its stron bearish sentiment. This supported by indicators such as RSI and Stochastic which show bearish signal with fall to 42 and 24 respectively, while MACD formed lower lows and Parabolic SAR is above the current price. This pair expected to fall towards support at 16.125

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Silver on H1 chart showing a tendency for this pair to fall deeper, based on RSI and Stoch this pair is falling. As we can see both fall towards 47 and 44 and failed to break EMA100. MACD also showing bearish signal and Parabolic SAR is still moving above the current price gives much pressure. So based on the current condition, this pair expected to fall down towards 16.450

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  • 2 weeks later...

After moving below the pivot in this Asia session , it seems that silver is trying to be under bearish pressure. The price even already below support level and may even pressed further to around 16.580 considering that Parabolic SAR is moving above the candle, but RSI and Stochastic rise to level 30 and level 29. It seems limited bearish with target at 16.580

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Based on 30 M it seems that Silver may able to hold the price stay intact above the pivot level today at 16.070, the silver has the potential to rise to around the resistance level at 16.240 and next towards 16.410, while the pattern will change the channel. But if prices come back down below the pivot, then the bearish channel still be followed and the price will go down towards support at 15,900


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  • 3 weeks later...

After successfully rose above the resistance level of 16.530, silver is now hoping to get to the next level at 16,650 and then towards 16.790. RSI, Stochastic, Parabolic SAR and MACD are all bullish, considering the current condition the price may do that. But if the price drops back below 16.530, silver is likely to fall to the support level of 16.260

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  • 2 weeks later...

Had dropped in the early market, silver bounced up after failing to break the support level at around 16.640. Currently the price is testing pivot at 16.800 and if this testing successful, then this commodity may continue to rise up to around the next resistance at around 16.920 considering that most indicators are showing bullish signal.

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  • 5 weeks later...

Based on the chart it seems that Silver still show us a very strong bullish sentiment towards US Dollars. The movement of Silver still totally flat but still have chance to rise considering previous hammer reversal with long wick which failed to break down the support at 17.680. RSI and Stoch are also tend to be bullish supported by Parabolic SAR which signalling the same.

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Bearish engulfing pattern seems to be spotted on silver's 30M chart which at the same time also successfully break the lower band and closed below. RSI(14) seems to descend around level 36, Stochastic (5,3,3) descend to level 32, MACD(12,26,9) formed a lower low position. Bias for this pair is bearish with the next target is at 17.0000

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Silver also like Gold previously which is sideways, the price is keep moving around 17.920 at the lowest part while the highest part is 18.00. We can see the new trend if the candle able to out from this range and show the dominant sentiment. I also see other indicators mostly tend to be flat, so i recommend to wait until next session for the sideways phase end.

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