XAG/USD 1H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Similarly to gold, silver is also currently forming a descending channel in the hourly chart, a pattern that implies a decline. The 200-hour SMA has already been breached, and if the support at 17.17/13 is broken as well, the price will likely return to the six-month up-trend line at 16.25 dollars. Meanwhile, the negative outlook is reinforced by the positioning in the SWFX market. As many as 73% of traders are presently holding long positions, meaning there is little room for new buyers to enter and drive the price higher. Still, we should not completely rule out a rally through the resistance at 17.41/36, as the technical indicators, especially in the four-hour time frame, are not in favour of a sell-off.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 22 Jun 2016 07:15:06 GMT

AUD/CHF 1H Chart: Channel Up

AUD/CHF has recently managed to recover from 0.7075 with the help of the May lows and the 11-month up-trend, and this has led to emergence of the ascending channel. However, we should note that in April the currency pair confirmed the upper bound of the major bearish channel that has been forming since the beginning of 2012. Accordingly, even though

Tue, 21 Jun 2016 12:44:18 GMT

EUR/GBP 1H Chart: Channel Down

The Euro entered a channel down pattern against the Pound on June 16. At the moment, the currency exchange rate is moving downwards at 0.7679, which is in the middle of the pattern, and it is moving toward the weekly S3 at 0.7650. If the pair passes the weekly S3, it is set to move towards the patterns lower trend

Tue, 21 Jun 2016 12:32:05 GMT

EUR/CAD 4H Chart: Channel Down

The European currency is in a channel down patter, which it entered on May 4, against the Canadian Dollar. At the moment, the currency exchange rate is on its way down at 1.4477, as it bounced off the upper trend line at 1.4602 on Monday morning. In addition, the rate has passed the weekly pivot point at 1.4516 and the

Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.