Technical Analysis (Silver) : XAG/USD 8 April 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 8 April 2020

Pivot point : 15.1000

Our preference : short positions below 15.1000 with targets at 14.8400 & 14.6800 in extension.

Alternative scenario : above 15.1000 look for further upside with 15.2600 & 15.3800 as targets.

Comment : the upward potential is likely to be limited by the resistance at 15.1000.

Supports and resistances :

15.3800 **
15.2600 *
15.1000
15.0100 – Last price
14.8400
14.6800 *
14.4900 **

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.