XAG/USD 1H Chart: Falling wedge in sight

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

Silver has been depreciating against the US Dollar since the beginning of February. This movement has been bounded in the falling wedge pattern.  

From a theoretical point of view, it is likely, that a breakout north has to occur within the following trading sessions. In this case, the XAG/USD exchange rate could target the resistance level—the Fibonacci 50.00% retracement at 15.60. 

However, the rate has to surpass the 200-hour SMA, currently located at 15.10. If the given resistance holds, it is likely, that the rate breaches the given pattern south.

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