XAG/USD 4H Chart: Two scenarios likely

Note: This section contains information in English only.
Source: Dukascopy Bank SA
4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralNeutralBuy
SAR(0.02;0.2)BuySellBuy
Aggregate⇒⇘⇗

[ANNOUNCE] Since the beginning of November, the XAG/USD exchange rate has been trading upwards within a rising wedge pattern. [/ANNOUNCE] 

From a theoretical perspective, it is likely that the price for silver could continue to grow within the predetermined pattern until the middle of March. Then, a breakout south could follow. 

In the meantime, note that the exchange rate is pressured by the 55-, 100– and 200-period moving averages in the 25.45/26.10 range. Thus, a breakout south could occur sooner. Note that the rate could gain support from the Fibo 61.80% at 22.67.

Actual Topics