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XAG

Silver Weekly TimeFrame Analysis 01/02/2021as we can see we have few resistance areas and a heavy zone before reaching our Fibonacci projection parallel leg levels and we have specified it as our TP areas if the price continue its rally in the specified Chanel the Arrows so does the date for our TP occur ON time as we have specified them by Fibonacci time Zones i believe this commodity is under valued so we have some chance to purchase it and invest on it it has a long term horizon yet worth of thinking abut it please comment your opinon
OANDA:XAGUSDLong
by BitonGroup
6
SIlver on a short outlook 🦐On the 4h chart Silver after the new test of the strong resistance level created a double top and move to the support area at the 25.8750 area. If the market will break below, according to Plancton's strategy, we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
SAXO:XAGUSDShort
by InkyGrip
10
ridethepig | Silver Slingshot📌 ridethepig | Silver Slingshot Attacking the highs several times • The protecting sellers get in each other's way! • How to maintain the momentum • The birth of fresh strength • Reassessment as an invalidation Since after: The move has been very promising, buyers should, as has been emphasised a few times, have played the momentum trigger. What is the importance of this you may ask? Well, in a nutshell, it renders the 22.5x strong floor as an outpost and fixes it in place in a well defined map. Previously buyers were unable, for good or ill, to break through the highs in one sweep, which is now possible and defines our slingshot. We must also recognise that 26.0x (our pivot level in play for this exercise) contains recognition from both institutional buyers and the WSB crowd dreams of forcing their opponent into capitulation. When both sides align, it's time to swing the bat - it is no surprise that Silver is catching a bid - the people's coin one again being defensive and passive. The goal is an ideal one; the 27% posted targets (see 33.2x). The continuation in nature might be very similar to the playing before: This slingshot shows us the dark side of multiple protection of dollar devaluation which puts the inflation side in the spotlight. You should take with you the idea that underlies this move, in order to be able to maintain the pressure, one must not allow the noise from politics and etc to break your short dollars development. Instead we are going to use the market structure as our guide to clear up any information asymmetry, i.e, if sellers take 18th Jan lows (24.0x) in a sustained breach it can show early signs of the momentum fading and will call for reassessment in the bullish view. Thanks as usual for keeping the feedback coming 👍 or 👎
FOREXCOM:XAGUSDLong
by ridethepig
10
XAGUSD vs XAGCAD? More important than you might think.I have been looking at XAGUSD vs XAGCAD, with the theory that the relative performance of the pairs could be a signal. In this scenario, CAD should be thought of as a proxy for commodities, of which Silver is just one. The USD is acting as a measure of the wider economy, and the role Silver plays in it. Starting with the long term then, some general notes. The CAD (main chart) persistently pegs more closely to the price of silver, as you might expect. It has lower highs, and higher lows. Priced in Silver, CAD is less volatile. USD on the other hand, fluctuates above and below this line, with important potential observations. Notice the considerable difference between the two charts today, a potential for catch up is coming? We can see highlighted important regions. In green, the 2011 Silver and commodity bull market. Silver in USD significantly outperformed, more detail on that later. In red, we see the 2011 to 2020 bear market. Significant under performance of silver is highlighted. We will see some more detail of that in a bit as well, as there are some important differences today. Finally, the period today is highlighted, which appears to be under performed. More on that later. Next, let's get more into the thesis. Here is the consolidation phase of the 2008 bear market. We see persistent and significant out performance, almost without exception from where you set the time scale. The difference grows to as much as 30% in several parts, all before the real bull market begins. Most of this can be seen around $25, which was the previous interim top from 2006. The Silver Bull Market. The growth in XAGUSD continues throughout the process. The top in this cycle is amazingly formed as CAD reaches it's highest point in 40 years vs the USD, in April of 2011. Two months later, the CAD begins it's 30% retreat to the twenty year lows. Measured from December 2008, the performance of XAGUSD peaks in the region of +100% vs XAGCAD (This depends on the start and end date of course). The Crash; Although not obvious initially, the XAGUSD Line dips below XAGCAD and stays below, which seems to confirm this bear market. This limits this relationship for picking tops, I admit. The bear market 2011 to 2016. I've highlighted how the market consistently fails to outperform XAGUSD vs XAGCAD. Even during the 'Bull' run of 2016, there is only a brief, 3 month period where it is even possible to show out performance of XAGUSD, from Nov 2015 to Mar 2016. Move the chart and see for yourself. This signal is squashed even before the bull market begins, which could have been a warning sign as XAGUSD failed to break out relative to XAGCAD. 2016 to 2020. A mixed signal? The consolidation of 2016 to 2020 was mixed, there was no clear under performance, but neither did it outperform. Using the full consolidation phase, we cannot see a breakout today. Today; While no breakout is clear, there are perhaps signs this has changed with this current phase. From the March lows, we can now see Silver in USD is clearly outpacing Silver in CAD, although not yet by as much as in the 2008-2011 cycle. This could mean either; The signal is registering a false breakout. Although unlike the 2016 and earlier interim tops, this out performance has lasted almost a full year. Something that has not happened since 2008. We are still in the early stages of this bull market. Look for this comparison to breakout with a 20 to 30 point difference. This is not hard to see as possible, considering how far XAGUSD needs to catch up just to where XAGCAD is today. And considering that when it does, it tends to overshoot, this could be further confirmation that this party has just started. Takeaways; Look for this comparison to breakout to the upside 20 to 30 points, which could then continue for months to years. A spike in the USD is not out of the cards as always, and would be negative for this relationship. If XAGUSD remained neutral in that scenario, I would be very bullish however. This relationship currently has about 10% cushion to allow that without dropping XAGUSD below XAGCAD. A spike in the USD driving this ratio down would also need to persist for several months to indicate this is not Silver's time. Top in the relationship should be formed by a significant high in the CAD.
FX_IDC:XAGCADLong
by petrykdoug
2