Open:
High:
Low:
Close:
DESCENDING CHANNEL
Silver
XAG/USD
1H
It looks like a descending channel has been exposed.
When price breaks above resistance, the resulting move could predict that the price to go up.
A rangebound to 66.5 is about to happen.
BULLISH FLAG
Silver
XAG/USD
1H
We can see that a bullish flag is close to being done.
A bullish flag provides a reliable indicator that spots an interruption of a downtrend in case if price breaks through the resistance.
It is not ruled out that a bullish price action towards the 66 mark will happen.
SYMMETRICAL TRIANGLE
Silver
XAG/USD
1H
Silver completes a symmetrical triangle and the price is ready to break out soon.
A symmetrical triangle typically identifies prices are likely to keep falling downward when price breaks out to the the downside.
There is a probability of a further bearish continuation to 65.5.
ASCENDING CHANNEL
Silver
XAG/USD
1H
It looks like an ascending channel arises, silver demands a more steady move as a signal of a breakdown.
An ascending channel is believed to be a specific chart signal that identifies a break in the price direction once price breaks down.
Decline towards the 66 zone stays on the cards on a breakout of the ascending channel.
RECTANGLE
Silver
XAG/USD
1H
As we can see a rectangle has been encountered.
A rectangle often predicts that prices are likely to keep rallying upward when price breaks above resistance.
Silver turns bullish towards 64.5 as indicators favor bulls.
BULLISH FLAG
Silver
XAG/USD
1H
There is a bullish flag poping up.
A bullish flag identifies a specific bullish price indicator that can be used to signal a change in price direction in case if price breaks out to the the upside.
Silver dives out bearish trendline towards 64 as the wind continues blowing in favor of silver.
ASCENDING CHANNEL
Silver
XAG/USD
4H
It seems like an ascending channel has been discovered, silver needs next fall as an information of a breakdown.
An ascending channel is believed to be a useful bearish chart signal that can be used to predict a bullish-to-bearish trend reversal in case if price breakdown occurs.
Silver now looks to the 63 zone as the commodity becomes vulnerable.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel arising and silver requires further active fall as a clue of a breakout.
When price breaks down, the resulting move could predict a sharp decline.
Silver to extend the fall towards 62 on a downside break as silver keeps the bid tone.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
It looks like an ascending triangle is close to being done and the price requires a more move as a clue of a breakout.
An ascending triangle describes a compelling price signal that can be used to predict a bullish move once price breaks out to the the upside.
Silver tests a move to 64.5 as silver becomes supported.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.