| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
Since the beginning of November, the XAG/USD exchange rate has been trading upwards within a rising wedge pattern.
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.