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SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: . While the price is below the resistance 29.85, beginning of downtrend is expected. . We make sure when the support at 19.65 breaks. . If the resistance at 29.85 is broken, the short-term forecast -beginning of downtrend- will be invalid. T echnical analysis: . The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased. . While the RSI support #2 at 45 is not broken, the probability of price decrease would be too low. . A trough is formed in daily chart at 26.00 on 08/21/2020, so more gains to resistance(s) 28.35 and maximum to Major Resistance (29.85) is expected. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index (RSI) is 60. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSDShort
by ForecastCity_ME
4
SILVER Weekly Technical Analysis UpdateMidterm forecast: While the price is below the resistance 29.85, beginning of downtrend is expected. We make sure when the support at 19.65 breaks. If the resistance at 29.85 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased. While the RSI support #2 at 45 is not broken, the probability of price decrease would be too low. A trough is formed in daily chart at 23.39 on 08/11/2020, so more gains to resistance(s) 27.00, 28.35 and maximum to Major Resistance (29.85) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 59. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSDShort
by ForecastCity_ME
11
Nifty Outlook for Monday, 10th August | 50x InvestmentsNifty - Technical Analysis: Nifty had a gap-down opening on hourly charts and remained within a range throughout the day. On the 15-minute chart, most candles had long upper and lower shadows indicating the presence of uncertainty in the markets. 9-period SMA closed above the 12-period SMA on 15-minute charts indicating the small positive bias in the markets. Market - Driving Factors: Vodafone Idea declared their Q1 results and it was once again a poor show in absolute terms. The stock still ended over 7% up because the results were better than street estimates. Lupin too had a poor Q1 and the stock ended over 6% lower. Nifty IT and Pharma indices ended lower today probably because of a strengthening rupee. The Nifty PSU Bank index broke its poor recent run and ended almost 1% in the green. Silver continued its stellar rally and is 2% up as of 5:18pm. Nifty - Outlook for Monday, 10th August: A break out from the 11000-11300 range could give some certainty to the direction of markets. Such a breakout would at least lead to a measured move if not a deeper trend change for the long term. A weekend break might just help markets get a direction and shift sentiment to one side. So, one should avoid any huge directional bets early on Monday till a direction emerges.
NSE:NIFTY
by Algokart
4
SILVER Weekly Technical Analysis UpdateMidterm forecast: 18.95 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 18.95 is broken. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to resistance(s) 25.10, 26.20, 27.00 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 77. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSD
by ForecastCity_ME
10
Bank Nifty Outlook for Tuesday, 28th July | 50x InvestmentsBank Nifty - Technical Analysis: Bank Nifty had a gap down opening and continued downward, closing 3.5% down. Bank Nifty breached the 22000 level before holding the 61.8% retracement level. Market - Driving Factors: Aditya Puri, Managing Director of HDFC Bank, sold over 95% of his stake in the company. Multiple other insiders sold their HDFC Bank shares over the last week. Gold is up over 2% and silver over 7% today, indicating that another shift to safe haven assets might occur soon with the uncertainties about equity markets rising. Bank Nifty - Outlook for Tuesday, 28th July: The bears are strengthening their grip on the market indicating that we might be in for a sharp market correction in the coming few trading sessions. A measured move to 21700 levels might be seen early in trade tomorrow. Nestle India and Ultratech Cements are scheduled to announce their quarterly results tomorrow. Ultratech Cements' results will give markets an estimate about the condition of the realty and infrastructure sectors.
NSE:BANKNIFTYShort
by Algokart
7