XAGUSD Intervening Wave Ⓧ Pushes Prices Higher!
As a few weeks ago, XAGUSD suggests the construction of a global triple zigzag consisting of cycle waves w-x-y-x-z. The 1H timeframe shows the marking of the second intervening wave x, which may soon be completed, taking the form of a triple zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The bullish wave Ⓨ consists of intermediate […]
XAG/USD Attempts to Find Support at Well-Known Level
Silver Technical Analysis Recommended by Richard Snow Read about the top opportunities in Q1 2023 Silver Attempts to Find Support at Well-Known Level Silver, much like gold, has witnessed an impressive run up which has recently come under threat. An approach of the zone of resistance with a midpoint of 25.00 – which has halted […]
XAG/USD tumbles to eight-week lows, worst week since October
US Dollar soars across the board after NFP. US ISM Service brings in more favourable data. Silver drops by more than 3% on Friday; down 8% from Thursday’s peak. Metals extended the sell-off after the US official employment report. Silver hits fresh monthly lows near $22.50 and is having the worst day in months. Strong […]
XAG/USD dwindles after hitting a 9-month high, back below $23.50
After hitting a new nine-month high of $24.62, Silver price nosedives, failing to break the $23.00-$24.50 range for the fourth consecutive day in the week, and exchanges hands at around $23.40s at the time of writing. Wall Street continues to record gains bolstered by a big tech company projecting a positive outlook for 2023. The […]
XAG/USD slumps below $23.50 ahead of the FOMC’s decision
Silver fails to hold to its earlier gains above the 20-day EMA, with traders eyeing $23.00. Silver Price Analysis: Consolidated, slightly skewed downwards, as oscillators turned bearish. Silver price struggles at the 20-day Exponential Moving Average (EMA) at $23.66 and is dropping toward the lows of the day, at around $23.40s, as investors prepare for […]
Surfing the Waves with Gregor Horvat: USDCNH, XAUUSD, XAGUSD & More!
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Surfing The Waves With Gregor Horvat: AUDUSD, USDCNH, EURUSD, DAX, XAGUSD, USDNOK & More!
Surfing The Waves With Gregor Horvat: AUDUSD, USDCNH, EURUSD, DAX, XAGUSD, USDNOK & More! – Orbex Forex Trading Blog Home Technical Analysis Surfing The Waves With Gregor Horvat: AUDUSD, USDCNH, EURUSD, DAX, XAGUSD, USDNOK & More! […]
XAG/USD Relief Rally Buoyed by Dollar Weakness
Silver (XAG/USD) Talking Points Recommended by Tammy Da Costa Get Your Free USD Forecast Silver Prices Rebound Ahead of Upcoming Event Risk Silver prices have bounced back after a brutal setback that resulted in a 1.59% decline yesterday. With the futures contract currently recovering over 1.00% of those losses, USD weakness ahead of this week’s […]
XAG/USD marches towards 200-SMA inside weekly bearish channel
Silver price renews intraday high to reverse the previous day’s slump to five-week low. 200-SMA, bearish chart formation keeps XAG/USD bears hopeful. Monthly high acts as the last defense of Silver bears. Silver price (XAG/USD) picks up bids to refresh intraday high near $23.55 as it bounces off the five-week low marked the previous day. […]
XAG/USD reached a new two-day high but fell short of $24.00
XAG/USD stays firm and climbs as the US Dollar remains offered across the board. Silver Price Analysis: Range-bound but could turn bullish above $24.50; otherwise, it could re-test the 50-DMA. Silver price extended its gains for the second consecutive day, cleared Thursday’s daily high of $23.93, and held its ground above the 20-day Exponential Moving Average […]