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[QUOTE="MikhailLF, post: 152677, member: 42242"]
[b]LiteForex analitics. XAG/USD: technical analysis[/b]

XAG/USD, D1

On the daily chart, the instrument is trading in the lower Bollinger band. The price remains below its moving averages that are directed down. The RSI keeps testing the border of the oversold zone, having formed a Bullish divergence with the price. The Composite is testing from below its longer MA.

XAG/USD, H4

On the 4-hour chart, the instrument is trading in the lower Bollinger band. The price remains below its moving averages that are directed down. The RSI is breaking down its longer MA. The Composite is turning up, having failed its quite strong support region.

Key levels

Support levels: 13.90 (local lows), 13.72 (January 2016 lows), 13.63 (December 2015 lows).
Resistance levels: 14.28 (July 2017 lows), 14.45 (local highs), 14.85 (local highs).

Trading tips

There is a chance of an upward correction.
Long positions can be opened from the level of 14.45 with the target at 14.85 and stop-loss at 14.28. Validity – 3-5 days.
Short positions can be opened from the level of 13.90 with targets at 13.72, 13.63 and stop-loss at 14.02. Validity – 3-5 days.

[IMG]http://s1.radikale.ru/uploads/2018/9/17/148d17df870943e27d45fd316417143d-full.png[/IMG]
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