| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The XAG/USD exchange rate continued to trade within the long-term ascending channel.
As apparent on the chart, Silver has already reversed north from the lower channel line located circa 15.08. From a theoretical perspective, it is expected that Silver continues to appreciate against the US Dollar within the following trading sessions. It is likely that the pair targets the upper channel boundary located circa 16.75.
However, the rate has to surpass strong resistance level formed by the Fibonacci 61.80% retracement at 15.99. If given level holds, it is likely that the pair reverses south.