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GBP/USD: general analysis 19 April 2019, 10:54

GBP/USD: general analysis 19 April 2019, 10:54 Scenario Timeframe Intraday Recommendation SELL Entry Point 1.2997 Ta...

Jun 8, 2018

XAG/USD: technical analysis 08 June 2018, 14:07


Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 16.68
Take Profit 16.85
Stop Loss 16.60
Key Levels 16.20, 16.27, 16.35, 16.41, 16.50, 16.60, 16.67, 16.75, 16.80, 16.85, 16.90, 17.00
Alternative scenario
Recommendation SELL STOP
Entry Point 16.50
Take Profit 16.20
Stop Loss 16.60
Key Levels 16.20, 16.27, 16.35, 16.41, 16.50, 16.60, 16.67, 16.75, 16.80, 16.85, 16.90, 17.00
XAG/USD, D1
On D1 chart, the instrument was corrected to the upper border of Bollinger Bands. MACD histogram is near the zero level, and its volume is minimal, the signal line moves horizontally, along the zero mark. Stochastic grows in the direction of the border of the overbought area.

XAG/USD, H4
On the H4 chart, the instrument demonstrates side movement within the narrow corridor formed by the upper and middle borders of Bollinger Bands. MACD histogram is in the positive area. The signal line is crossing the body of the histogram from below giving a signal for opening long positions. Stochastic is located on the border of the neutral and oversold zones, the oscillator's lines are reversing up.

Key levels
Support levels: 16.67, 16.60, 16.50, 16.41, 16.35, 16.27, 16.20.
Resistance levels: 16.75, 16.80, 16.85, 16.90, 17.00.
Trading tips
Long positions may be opened from the current level with the target at 16.85 and stop-loss at 16.60.
Short positions may be opened from the level of 16.50 with the target at 16.20 and stop-loss at 16.60.
Implementation time: 3-5 days.

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