XAG/USD 1H Chart: Short-term decline expected

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Sell Buy Buy
Aggregate ⇒ ⇗ ⇒

[ANNOUNCE] Silver has been appreciating against the US Dollar after the exchange rate reversed from the Fibonacci 0.00% retracement at 13.95 at the middle of November. This movement has been bounded in the ascending channel. [/ANNOUNCE] 

The pair has already reached the upper channel line located at the 18.76 mark. Form a theoretical point of view, it is expected that the rate targets the lower channel line located in the 14.60/14.70 range within following trading sessions. 

However, this decline might not be immediate as the rate is being supported by the 55-, 100– and 200-hour SMAs, thus, it is likely that the rate re-test the upper channel line located circa 15.95 in the nearest future.

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