Open:
High:
Low:
Close:
BULLISH FLAG
Silver
XAG/USD
1H
We can see that a bullish flag has been found, the price lacks further active push up as an information of a breakout.
In case if price breaks out, the move could spot a bullish price move.
Silver to increase bullish potential to 67.5 on impulse above 66.9 as the commodity challenges 66.9 hurdle.
PENNANT
Silver
XAG/USD
1H
A pennant arises.
A pennant is a compelling price action signal that can be used to indicate a bullish price action in case if price breaks through the resistance.
A bullish move towards the 67 zone is on the cards once beyond 66.5.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
It looks like an ascending triangle is close to being completed.
If price breakdown occurs, the resulting move could indicate prices are likely to keep falling downward.
Silver pulls away from recent highs towards 66 on a break below 66.6 as risk reversal sheds bullish bias.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel emerging, the price expects a further bigger move as a clue of a breakout.
An ascending channel predicts a next move down once price collapses through the support line.
A rangebound towards 66.5 about to be made.
RISING WEDGE
Silver
XAG/USD
1H
As we can see the price shows a rising wedge, silver requires a further active bearish action as a clue of a breakdown.
Once price breakdown occurs, the resulting move could signal a bearish price move.
Silver to nosedive to 66 on impulse below 66.8.
DESCENDING CHANNEL
Silver
XAG/USD
1H
Silver shows a descending channel and the price is breaking out.
A descending channel suggests a reliable price signal that can be used to predict a further move up if price breaks through the resistance.
It is not ruled out that a bullish price action to the 65 level will take place on impulse above 64.8 as bullish momentum increases.
DESCENDING CHANNEL
Silver
XAG/USD
4H
There is a descending channel occuring and the price is ready to break out.
A descending channel often identifies a bullish move if price breaks out to the the upside.
A bullish price action to the 66 zone is going to happen as the commodity challenges 65.6 hurdle.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel occuring.
Once price breaks out to the the downside, the move could spot a break in the price direction.
A bearish continuation towards the 63 zone looks likely.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel diagnosed, the price is ready to break out soon.
An ascending channel can be thought of as a useful signal that is used to predict a bearish move when price breaks through the support.
It is likely that a bearish continuation to the 64 zone will take place on a breach of 64.4.
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