Technical Analysis (Silver) : XAG/USD 12 May 2020

Forex Technical Analysis : XAGUSD (Silver)

Target Level 15.6325

Date : 12 May 2020

Support Line (A) : 15.3415 – Last TP of Channel Up

Resistance Line (B) : 15.6325 – Last TP of Channel Up

Target Period : day

Interval : 30 Minutes

Pattern : Channel Up

Length : 178 Candles

Detail : Channel Up identified at 12-May-10:30. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 15.6325 within the next day. (Supported by Upward sloping Moving Average)

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Autochartist

If you open a live account with a broker that support Autochartist, you’ll get :

– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.