Technical analysis XAGUSD for 09.03.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 26.000. The closest resistance is the level 26.775
Key levels
- 28.275, 27.450, 26.775, 26.000, 25.350, 24.625, 23.850, 23.025
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 26.775, with Take Profit of 27.450 and Stop Loss of 26.350
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 26.000, with Take Profit of 25.350 and Stop Loss of 26.200
Scenario
Recommendation
BUY STOP
Entry Point
26.775
Take Profit
27.450
Stop Loss
26.350
Key Levels
28.275, 27.450, 26.775, 26.000, 25.350, 24.625, 23.850, 23.025
Alternative scenario
Recommendation
SELL STOP
Entry Point
26.000
Take Profit
25.350
Stop Loss
26.200
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.