| Indicator | 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) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
Since the end of October, the XAG/USD currency pair has been trading upwards within a rising wedge pattern.
From a theoretical point of view, it is likely that the exchange rate could continue to trade upwards within the given pattern in the short term. Then, a breakout south could occur, and the rate could target the Fibo 50.00% at 20.63.
Meanwhile, note that the currency pair is supported by the 55-, 100– and 200-period moving averages near 24.50. Thus, some upside potential could continue to prevail in the market, and the pair could target the 29.00 level.