Technical Analysis (Silver) : XAG/USD 16 April 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 16 April 2020

Pivot point : 14.7000

Our preference : long positions above 14.7000 with targets at 16.0000 & 16.5600 in extension.

Alternative scenario : below 14.7000 look for further downside with 13.9000 & 13.4500 as targets.

Comment : the RSI lacks downward momentum.

Supports and resistances :

17.1500 **
16.5600 *
16.0000
15.3716 – Last price
14.7000
13.9000 *
13.4500 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.