| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
Last week, the XAG/USD exchange rate tried to breach the long-term ascending channel north. As apparent on the chart, the rate reversed south from the upper channel line at 16.60.
From a theoretical point of view, it is expected, that some downside potential could prevail in the market, as the rate should target the lower channel line located in the 14.50/15 range. Important support levels to look out for are Fibonacci 50.00% and 38.20% retracements, located at 15.60 and 15.21 respectively.
Note, that the rate is supported by the Fibonacci 61.80% retracement at 15.99. If the given support level holds, it is likely, that the rate could reverse north in the nearest future to re-test the upper channel line. It is unlikely, that a breakout north occurs due to the resistance of the 55-, 100– and 200-hour SMAs, located circa 16.40.