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A bullish trend seems to be taking place today on the XAGUSD pair and that’s according to the green color shown by the Super trend indicator determining by that the main market direction.
A buy signal is indicated from the Nonlog dot indicator and that is by giving us a blue colored dot.
I prefer to wait for the Nonlog indicator till it shows a confirmation then i do think that the buy trades would be taking place more frequently since the signals are currently showing us a strong bullish trend.
For the exit plan I think waiting for the price to hit the support at 16.2 would be the best choice or we can always wait for the super trend to change its color to red either way that can only mean that the bullish trend is over and we should be ready for the price to be heading for the opposite direction .
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The MA indicator now is green colored for the XAGUSD chart in mean while the candles start to show a green color that is a sign for a new bullish color that is a sign for a new green dots located above the level zero which can be considered as a signal of the strength of the bullish direction for now.
In my opinion the bullish direction is more powerful we can take the buy trades and targeting the resistance which located at 16.45 that can be easily reached by the price in the coming hours but this will happen only if the price can stay strong to keep above the support which located at 16.15 .
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silver movement different...but one thing is sure that is " if you want to enter with buy order for long term then you never book loss..you will earn a lot of pips."
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On the XAGUSD chart we can see a down channel so the price is expected to continue to move downward for now.
We can see also that the price hits the upper edge of the donchain channel that could be considered as a signal for going south The Awesome oscillator shows a green bar above the level of 0 that indicates a buy signal for now.
In mean while the Stostatic indicator shows a bullish signal by having a buy cross as the lines near the level of 80 Due to the data above I guess that selling is the most likely to happen and we can target the low channel edge as the take profit of sell trades http://bigimage.cz/photos/20141121141655189143608.gif
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The XAGUSD chart has an active bullish cross between the set of EMAs which can be used as a way to say that the price is going to go to the north side by the next few hours.
Another signal is now clear on the Histogram indicator as I can see the green color of the indicator which can be recognized as a bullish signal especially because the price is heading over the zero's level.
Now analyzing the Market emotion indicator's signal you may think that the price will rise to test new higher prices because of the green color of the indicator.
And if you took a look on the Guru Angel indicator at this time you can get that the slope is forming a bullish signal for the day as it colored by green and moving above the level of zero as you can see.
I can then recommend the buy orders as it is clear that the price is going to more north level to test the resistance of 16.87 http://bigimage.cz/photos/20141121141655373239522.gif
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The blue line comes above the red line on the momentum cross on the chart of the XAGUSD pair by now which is a good signal for buying signal.
In the other way the Oracle strength indicator have a probably upwards direction because of the blue color of the mentioned indicator.
This can be merged with the bullish trend of the Oracle direction indicator which shows a blue arrow by now and it should confirm the oracle strength indicator in order to enter any trade.
I think it is clear that the upward trend will take a place on the pair for a good time starting from now and this should remain as long as the indicators keep giving the buy signals.
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By monitoring the hourly chart of the XAGUSD we will notice good buying signals because we have a blue arrow as the last signal of EMA crossover indicator that uses 2 exponential moving averages with different shifts and at the same time we can see the red line crossing above the blue one which confirm the buy signal .
We can have the same result by using QQE indicator we can find the lines above the fifty levels and showing a buy cross below the chart.
My target is to buy till the price can reach 16.05 because there is a resistance there or to get a new sell signal on the indicators .
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According to my analysis for the XAGUSD for the day I founds that the price is now below the level 16.35 colored by blue naming a new price for balanced level at MBFX indicator.
Adding this to the bearish signal shown on the vestro indicator by the current time I will bet on the down trend direction .
At this situation I think the support area at 16.16 can be used as the first level to get the profits of selling orders to help save the balance in case of fake trend and then you can target the next levels as you can see at the support located at 16.05 This action could remain strong as long as the price can't be able to break the level of 16.53 which will be a very strong signal about different buying direction under making.
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There is clearly a bullish channel taking place on the XAGUSD hourly chart as shown in front of us also mentioning the red colored moving average would only mean that there is a big chance for the price to be heading down for the current period.
The values where the market opened today are lower compared to the daily pivot point located at 16.18 also the price might be heading down as a conclusion to what we saw up till now but only till it reaches the price 16.105 which is considered a first daily pivot support level that of course if the WPR indicator remained the same and didn't give any opposite upward signal.
selling would be the best choice till we reach the price 16.03 which acts as the next support .
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pair- silver
analysis time frame- m15
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the down movement of the price is hold at the lower support 16.09 level and moving up but having resistance at 16.30 level. if this is break the support then price may again move to lower support at 15.72 but if break the daily resistance at 16.37 then long with take profit at 17.33 and stop loss at 16.09
good luck.