Silver (XAG):- An article shared on 24 Dec 2018 with a title " Silver (XAGUSD):- Likely To Test $16 Mark" has worked well as what we had expected - Silver made a high of 16.16 to a US Dollar on 31 Jan 2019.
What's Now over charts- Analysed on a daily chart (earlier the analysis was done on weekly chart), a confused state of candlestick (Rickshaw man Doji)is formed on the top of upward sloping range. After a cautious signal of Rickshaw man Doji, next day ends with a strong bear candle, which justified the reversal. Price divergences are visible both in MACD (5,35,5) and RSI (14 days) - a crossover between MACD and signal line is also there, signals a possible downturn. Immediate support of 200 day simple moving average is coming at around $15.00 - 15.25, which seems to be a possible target range.
Date : Feb-2019
22 Apr 2019 06:20 PM
On the daily chart - it is found that the prices have finally broke down the converged
18 Apr 2019 06:45 PM
After posting superlative gains in March, due to resurgent FII inflows, rupee has been range-bound
16 Apr 2019 06:10 PM
With a look at Silver chart shows that price action took resistance at $14.92 levels in July’18, October’18
15 Apr 2019 05:46 PM
A look at the daily chart is showing that USDINR is trading in between the range of a downward sloping trend channel
12 Apr 2019 06:53 PM
Indian exporters are a worried lot these days. USDINR around 69, EURINR at 78 and GBPINR near 90-91
11 Apr 2019 06:26 PM