According to forex technical analysis for XAGUSD in the monthly chart we
realize that price is moving between EMA(50) and EMA(200). Studying forex technical analysis in the weekly chart we observe price to try
to break the resistance of EMA(50).
On daily chart price is moving above EMA(50) and EMA(200) and the same time
find support from EMA(200). In 4H chart price is between EMA(50) and EMA(200) also we observe a sideway
movement in a small range. In 1H chart we observe EMA(50) and EMA(200) almost in horizontal position
also without any distance between them.
All the critical levels and the trading targets are as follows :
Monthly chart
The area 20.00 – 21.25 is a neutral zone.
If the price moves upwards and over the neutral zone our trading targets will
be : 26.00, 30.00, 35.00.
If price moves downwards and below the neutral zone our trading targets will
be : 14.70, 11.50, 8.70.
Weekly chart
The area 20.10 – 20.70 is a neutral zone.
If price moves upwards and close above the neutral zone our trading targets
will be : 22.20, 23.50, 25.00, 26.50, 28.00.
If price moves downwards and below the neutral zone our trading targets will
be : 18.50, 16.00, 14.00.
Daily chart
The area 20.80 – 21.10 is a neutral zone.
If price remains below the neutral zone our trading targets will be : 20.38.
If price moves upwards and above the neutral zone our trading targets will be
: 21.50, 22.00, 22.50, 23.50.
4H chart
The area 20.80 – 20.95 is a neutral zone.
If price moves below the neutral zone our trading targets will be : 20.50.
If price moves above the neutral zone our trading targets will be : 21.20.
Our personal forex trading strategy is to search in order to find an appropriate
entry point for a buy position on daily chart. We believe that silver has
possibility for a swing movement with target 25.00 and 28.00.
We note the need to use stop loss levels. After all the above informations we
can design a forex trading strategy in order to follow, which will have based on forex technical analysis.
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