On the the instrument has broken the middle line of upwards and continued to grow. histogram is in the negative zone; the signal line is outside the histogram’s body and is reversing towards the zero line. has crossed the border with the overbought zone upwards and is growing.
XAG/USD , H4
On the 4-hour chart the instrument is growing alongside the upper border of , the indicator’s borders are slightly widen, which can reflect the development of the upward trend in the short term. histogram is in the positive zone, keeping the signal to open long positions. is on the border with the overbought zone, giving no clear signal.
Support levels: 16.20, 15.75, 15.50, 15.15, 14.35.
Resistance levels: 16.60, 16.80, 17.00, 17.20, 17.50, 17.80.
Long positions can be opened at the current level with the target at 17.00 and stop loss at 16.20. Implementation period: 2–3 days.
Short positions will become relevant from the level of 16.18 with the target at 15.50. Stop loss is 16.50. Implementation period: 3–5 days.
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