Technical analysis XAGUSD for 24.11.2021
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 23.500. The closest resistance is the level 23.900
Key levels
- 23.000, 23.250, 23.500, 23.900, 24.200, 24.500, 24.800, 25.370
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 23.900 and Stop Loss of 23.900
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 23.400, with Take Profit of 23.000 and Stop Loss of 23.000
Scenario
Recommendation
BUY
Entry Point
23.600
Take Profit
23.900
Stop Loss
23.500
Key Levels
23.000, 23.250, 23.500, 23.900, 24.200, 24.500, 24.800, 25.370
Alternative scenario
Recommendation
SELL STOP
Entry Point
23.400
Take Profit
23.000
Stop Loss
23.500
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.