Silver (XAGUSD) Price; Further Price Increase above $27 level Envisaged – Cryptovibes.com – Daily Cryptocurrency and FX News

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining


SILVER Weekly Price Analysis – February 14

A further price increase is envisaged as long as the bulls maintain their pressure, the price will be pushed up to break the $27 resistance level upside, then, $29 and $36 price level may be reached. In case the bears defend the resistance level of $27, the price may decline towards the support levels at, $25 and $22, and $19.

XAGUSD Market

Key levels:

Resistance levels: $27, $29, $36

Support levels: $25, $22, $19

 

XAGUSD Long-term trend: Bullish

On the long-term outlook, XAGUSD is bullish. Immediately after the formation of the chart pattern called “cup with the handle”, the market was volatile. There was a sudden increase in price to the resistance level at $29 after breaking up the $27 price level.   On February 02, the price was rejected by the sellers at the $29 price level. The dynamic support levels prevent further price decrease.

The price is gradually increasing towards the resistance level at $27 before the market closed last week. The metal is trading above the 9 periods EMA and 21 periods EMA at a close range with the fast EMA crossed the slow EMA upside which indicates that the bulls are in control of the Silver market. A further price increase is envisaged as long as the bulls maintain their pressure, the price will be pushed up to break the $27 resistance level upside, then, $29 and $36 price level may be reached. In case the bears defend the resistance level of $27, the price may decline towards the support levels at, $25 and $22, and $19.

XAGUSD Medium-term Trend: Ranging

On the 4- hour chart XAGUSD is on the ranging movement. The bears took over the market at the resistance level of $29 on February 01. The price declined sharply towards the support level of $25. The bears’ momentum and the bulls’ momentum became equal and the price commences ranging within the $27 and $25 price levels.

Silver 4-hour chart, February 14

 

The two EMAs are interlocked to each other and the price is trading around the 9 periods EMA and 21 periods EMA. The Relative Strength Index period 14 is above 60 levels with the signal lines pointing up to indicate a buy signal.

 

Source link

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close