Technical Analysis (Silver) : XAG/USD 22 April 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 22 April 2020

Pivot point : 14.9900

Our preference : short positions below 14.9900 with targets at 14.5000 & 14.3700 in extension.

Alternative scenario : above 14.9900 look for further upside with 15.1300 & 15.3400 as targets.

Comment : the RSI is bearish and calls for further downside.

Supports and resistances :

15.3400 **
15.1300 *
14.9900
14.7378 – Last price
14.5000
14.3700 *
14.2000 **

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

Source : Trading Central

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