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XAG USD ( Silver / US Dollar)

SILVER On The Rise! BUY! My dear subscribers, This is my opinion on the SILVER next move: The instrument tests an important psychological level 27.890 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 28.558 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDLong
by AnabelSignals
1
Potential bearish reversalXAG/USD is rising towards a resistance level at 28.515, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement. A reversal from this level could lead the price to drop to our take profit target. Entry: 28.515 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement Stop loss: 29.621 Why we like it: There is a swing high resistance Take profit: 27.308 Why we like it: There is an overlap support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAGUSDShort
by VantageMarkets
Black swan?When we view the price of XAGUSD since 2000, we see an asset which historically has done very well in the event of turmoil. When we had the dot com bubble burst in late 2000 we saw a significant price rally in the metals, Id imagine as people reinvest money as their tech stocks began to fall, does this have correlation with todays NASDAQ? If the NAS continued from todays sell off could we potentially see the same shift of funds? Next we had the GFC in 2008 an historic event which changed the financial health of the economy drastically and we saw historical low interest rates, also during this period silver had a significant climb. 2020 and Covid strikes, another large move in Silver as we saw another catastrophic blow to the worlds economic affairs with crazy spending and debt creation, high inflation period. We then saw this balanced market of consolidation in the silver market, and it appears to be that we have broken this range, however some added confirmation is a plus. Where does this leave us? well statistically the large silver moves above 90% have all been caused by a market event, if we are seeing the beginning of a bull run in silver, which is lagging xauusd currently, we have seen this crazy 20% rise in the price of xau, but silver is following slowly, if we see this balance off and some market price rising over the coming weeks, we could potentially be in the midst of market event.
OANDA:XAGUSDLong
by ZenFlo
Strifor || GOLD-Mid-term viewPreferred direction: SELL Comment: Gold once again updated its maximum. It’s not surprising, everyone should have gotten used to this for nowadays. At the same time, our most likely sell-scenario, which we published in the previous trading idea for this metal, was activated. Here we talked about a likely fall at the level of 2400 , which is where we are trading right now. There is a possibility of manipulation, that is, small movements just above 2400 , but in general the idea to sell from this level is relevant. The target for a downward correction is considered at the level of 2300 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDShort
by Strifor
3
Strifor || GBPUSD-Mid-term viewPreferred direction: BUY Comment: The previous medium-term trading idea for the pound worked out very quickly against the backdrop of the publication of CPI data. By the end of the week, longs are already being considered more as part of a small upward corrective movement. The price is trading just above the 1.25000 level, which is significant support. We can expect various kinds of manipulations at this level (scenario №2) , but most likely the buyer will still be able to push the price higher towards the level of 1.26000 . The most likely scenario №1 assumes an increase from the current maximum prices. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || EURUSD-Mid-term viewPreferred direction: BUY Comment: The main currency pair is most likely now the most interesting to buy, since it has the most formed buy-setup. A significant part of the buyers have already been liquidated, and growth according to scenario №1 is now most likely. Scenario №2 is considered as plan B, where buy-positions are expected at the level of 1.06500 . This level is located near the support trend line. The target for this medium-term long trade is not considered above the level of 1.07500 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Strifor || NZDUSD-Mid-term viewPreferred direction: BUY Comment: Once again, we are considering the New Zealand dollar together with the Australian dollar , well, this is not surprising given their high correlation. Here, too, a recovery is expected in the medium term, but not everything is so simple, and still, before growth, there will most likely be updates to local lows. A more optimistic scenario is exactly what it looks like and can be found on the chart within scenario №1. Scenario №2 is more aggressive on the part of the seller, and here it would be best to look for long-positions at the support level of 0.59018 . Above the level of 0.60713 the target is not considered. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
3
Strifor || AUDUSD-Mid-term viewPreferred direction: BUY Comment: We consider the Australian dollar in favor of a buyer within the medium term. It should be noted here that AUDUSD and NZDUSD will most likely update at least local minimums before growing. However, current prices are also great for "step by step" accumulating a buy-position. This trade is not designed for a big move higher, as the Pacific currencies do not look so positive in the longer term. Therefore, the target for a corrective upward movement is not considered above the level of 0.66000. We have two scenarios for this medium-term long, where scenario №1 is more likely. As there is a medium-term deal, the two scenarios are considered in combination. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
5
Strifor || USDCAD-12/04/2024Preferred direction: SELL Comment: The US dollar continues to strengthen before the weekend, but there is a high probability of a downward correction beginning, and this concerns all major currency pairs. The Canadian dollar has one of the most interesting buying setups against the US dollar . The price is trading slightly above trend resistance, and it is unlikely that we will see continued growth. Although this probability remains, in this case we have scenario №2 , where growth may still be towards the level of 1.37500 . But it should also be noted in favor of scenario №1 that most of the sellers have already been liquidated, and the instrument is more ready to fall towards the designated target at the level of 1.36500 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
SILVER Seeks Support at $22.00 Amidst Rate Cut ExpectationsOn Monday, silver experienced a sharp downturn, revisiting the $22.00 mark, reflecting a more than 2.5% decrease from its previous close. Market participants swiftly adjusted their expectations of early rate cuts by the Federal Reserve (Fed), leading to a substantial sell-off in the white metal. Technical Analysis: From a technical standpoint, the current price is positioned in a crucial support area around $22.00. This zone is fortified by a dynamic trendline, historically supportive of price rebounds. Additionally, the 78.6% Fibonacci level acts as a potential discount area, offering a foundation for the price to find support. The Stochastic indicator remains in oversold conditions, signaling the potential for a rebound. Anticipating a recovery, our outlook targets a return to $24.50 and $26.00 in extension. Economic Landscape: Turning to economic news, the CME Fedwatch tool suggests that investors are now eyeing a potential interest rate cut in May. This shift in sentiment is attributed to persistent price pressures driven by robust household spending and favorable labor market conditions. The upcoming focus of the week will be on the release of United States Q4 Gross Domestic Product (GDP) data scheduled for Thursday. A positive GDP reading would reinforce the narrative of 'higher interest rates,' aligning with the Fed's cautious approach towards premature rate cuts. Outlook: As silver grapples with the $22.00 support, the interplay of technical factors and market sentiment becomes crucial. The dynamic trendline and Fibonacci support offer a potential springboard for a price rebound. However, the economic landscape, particularly the GDP data release, will significantly influence the metal's trajectory. Traders are advised to closely monitor developments to navigate potential price fluctuations in the coming days. Conclusion: The silver market finds itself at a critical juncture, seeking support at $22.00 amid shifting expectations of Fed rate cuts. Technical indicators suggest the potential for a rebound, yet the economic data release later in the week will undoubtedly play a pivotal role in determining silver's path. Traders should exercise caution, staying adaptable to evolving market dynamics as they unfold throughout the week. Our preference Long positions Above Support Area $20 with targets at 24.50 & 26 in extension.
OANDA:XAGUSDLong
by FOREXN1
1
Strifor || EURUSD-10/04/2024Preferred direction: Neutral Comment: According to the settings that we outlined at the beginning of the week, we continue to hold the euro long, but note that most of the profit has already been recorded, and the trade has been moved to breakeven. This also applies to other majors that we considered as part of the medium-term weakening of the US dollar . Today is one of the most significant events of the week, namely the US CPI . The euro is expected to strengthen against the US dollar during the release of inflation data. However, more global prospects are more in favor of the seller and the likelihood of a reversal downward from the level of 1.09000 is high. In this case, we can expect a fall to at least 1.08000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
by Strifor
1
Strifor || GOLD-10/04/2024Preferred direction: SELL Comment: The trading idea for gold , which was given at the beginning of the week, is still relevant in the middle of the week, when the market is looking forward to the publication of US inflation data . For gold , we are considering a medium-term outlook, which is highly likely to work out in favor of the seller. The most likely scenario №1 involves an entry near the level of 2380 . However, it should be noted that taking a short position from current levels is also relevant, but only within the framework of a conservative entry. The target for a fall is at level 2280 . There is potential for a fall even lower. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDShort
by Strifor
1
Strifor || GOLD-Week StartingPreferred direction: BUY Comment: Metals continue to be in the top news amid a new all-time high for gold . This metal remains a strong buy-priority at the beginning of this week, and a new high is expected before the long-awaited correction. It should be noted that in the longer term, one can continue to accumulate a short position, following all the rules of risk and money management. Regarding the shorter term and especially the coming week, we will most likely see another strengthening of gold towards the level of 2400 . At the same time, towards the end of the week, after the publication of key data, we can expect the start of a correction. We have targets for the fall at the level of 2280 , but the level may change during the week. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDShort
by Strifor
1
Strifor || SILVER-Mid-term viewPreferred direction: SELL Comment: We continue to consider metals as part of medium-term sales, but there is no good reason to enter yet. Of course, one can gain a position with a small volume using a "step by step" system. In the short term, silver and gold are likely to strengthen again. Thus, silver will update the local maximum, and gold will update the historical maximum. The most likely scenario at the moment for silver is a movement towards the level of 28.50 , where we can expect the formation of a short entry point ( scenario №1 ). A more aggressive scenario from the point of view of the current buyer is scenario №2 , where price strengthening can be expected towards the level of 29.00. The target for a fall in medium-term sales as part of a corrective movement is located at the level of 27.00. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAGUSDShort
by Strifor
1
Strifor || GBPUSD-Week StartingPreferred direction: BUY Comment: Visually, the technical situations for the euro and pound look as similar as possible to each other. Here, too, the buy-priority remains, and the nearest target for this week is located at the level of 1.27000 . The growth potential is even higher, but setting a target above the level of 1.28000 would be a rather aggressive setting. We have indicated the most likely price movement within scenario №1 on the chart. A less likely scenario №2 involves a preliminary re-testing of the support area at the level of 1.26000 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1