Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
LiteForex Analytics
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="AlexanderLiteForex, post: 45522, member: 22090"] [B] XAG/USD: Technical analysis of 24.05[/B] [B]1. Current trend[/B] Silver continues trading in the downward channel. At the beginning of the week silver reached new lows, going down to the level of 20.34 USD per ounce and leaving the limits of the channel. However, almost immediately, silver regained lost positions. The decline was driven by strengthening of the American currency and rumors about curtailing of the asset purchase program. Most technical indicators show the decline. Stochastic is in the overbought zone, the line %K has crossed the line %D, indicating decline. The signal line and histogram of MACD indicator show sideways movement, while moving average lines also indicate decline. [B]2. Levels of support and resistance[/B] At the moment the pair is testing resistance level of 22.60. If this level is broken down, the pair will go up to 22.90 and 61.8 Fibonacci. The nearest support level is 22.0, which is a strong level that should prevent further decline in price. [img]http://f4.s.qip.ru/188zyAlxp.png[/img] [B]3. Trading tips[/B] It makes sense to place pending orders to buy at the level of 22.00, aiming to take profit at the level of 23. If the price consolidates above the level of 23.40, it is advisable to place buy orders.. [I]Ilya Lashenko Analyst of LiteForex Group of Companies[/I] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…