Technical analysis XAGUSD for 13.12.2021
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 22.725. The closest support is the level 22.100
Key levels
- 25.425, 24.875, 24.150, 23.375, 22.725, 22.100, 21.425
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 21.850, with Take Profit of 21.425 and Stop Loss of 22.100
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 22.980, with Take Profit of 23.375 and Stop Loss of 22.600