SILVER (XAG/USD) Technical Analysis: Buy Silver - daily bullish ranging within 30-day high/low near bearish reversal area
Daily price is located above 200-day SMA and 100-day SMA
for the ranging bullish within the following support/resistance levels:
The bearish reversal level for this timeframe si 15.32, and if the price breaks this level to below together with descending triangle pattern so the reversal to the bearish condition will be started.
If not so the price will be on ranging within the levels.
SUMMARY : ranging to bearish reversal
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Sergey Golubev, 2016.06.10 16:55
SILVER (XAG/USD) Technical Analysis: weekly ranging bearish, daily ranging bullish, 17.99 is the key level (adapted from the article)
price is located within 100 SMA/200 SMA and below 200 SMA for the
ranging bearish market condition. The price is on ranging within 17.99
resistance and 15.80 support levels waiting for the primary bearish
trend to be continuing or for the bullish reversal to be started.
SILVER (XAG/USD) Technical Analysis 2016, 19.06 - 26.06: intra-day/daily/weekly ranging bullish, monthly ranging bearish
Daily price is located to be above Senkou Span line in the bullish area. The price is on ranging within the following key support/resistance levels:
Span line crossed the price many times in different direction for the possible ranging trend to be continuing, Trend Strength indicator is estimating the bullish condition in the near future, and Absolute Strange indicator is evaluating the local downtrend as a secondary correction for the price to be established soon.
If D1 price will break 16.22
support level on close bar so the reversal of the price movement from the ranging bullish to the primary bearish market condition will be started with 15.80 level as a nearest bearish target.If D1 price will break 17.84
resistance level on close bar from below to above so the primary bullish trend will be continuing.If not so the price will be on ranging within the levels.
SUMMARY : ranging bullish
Sergey Golubev, 2016.06.25 09:47
Brexit - "Investors overreacted," University of Michigan business professor Erik Gordon said Friday in an email (adapted from the article)
Sergey Golubev, 2016.06.28 18:43
SILVER (XAG/USD) Intra-Day Technical Analysis - correctional ranging to 200 SMA bearish reversal area (adapted from the article)
is located above SMA with period 200 in the bullish area of the chart:
If the price will break 17.99 resistance level so the primary bullish trend will be continuing.If price will break 17.50 support so the bearish reversal of the intra-day price movement will be started with 17.06 target.If not so the price will be ranging within the levels.