XAGUSD has been trading in bearish trend . The bullish trend will be confirmed by breaking above the 5 months long falling trendline. The bulls show some strength near the 50 SMA . The bulls can face a resistance above the falling trendline as 100 SMA near the $20.45 region. On downside the 50 SMA is a strong support.
A convincing breakout above the falling resistance will give complete control to bulls.
Trade your levels accordingly.
A convincing breakout above the falling resistance will give complete control to bulls.
Trade your levels accordingly.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.