Technical analysis XAGUSD for 31.12.2021
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains 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 22.85. The closest resistance is the level 23.20
Key levels
- 24.30, 23.70, 23.20, 22.85, 22.60,22.20, 21.85, 21.40
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 23.20, with Take Profit of 22.60 and Stop Loss of 23.45
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 22.60, with Take Profit of 23.20 and Stop Loss of 22.20
Николай Криштопов — рыночный аналитик Investizo с более чем 15-летним опытом работы в индустрии финансовых рынков и более чем десятилетним опытом трейдинга. В сферу его интересов входят валютный и криптовалютный рынки, технический анализ, внутридневная торговля и поведение рынка.