• Home
  • Courses

    About Courses

    Edit widget and choose a menu
    Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

    Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

    ₦60,000.00 ₦25,000.00
    Read More
  • Become An Instructor
  • Blog
  • Shop
      • Login
    Digital Skill Institute
    • Home
    • Courses

      About Courses

      Edit widget and choose a menu
      Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

      Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

      ₦60,000.00 ₦25,000.00
      Read More
    • Become An Instructor
    • Blog
    • Shop
        • Login

      Marketing

      • Home
      • Blog
      • Marketing
      • Bulls Are Gathering Momentum to Dominate Market

      Bulls Are Gathering Momentum to Dominate Market

      • Posted by DigitalLeonard
      • Categories Marketing, silver, Technical Analysis, Trade Ideas, Trading Briefs
      • Date June 16, 2022
      • Comments 0 comment


      SILVER Weekly Price Analysis – June 16

      The breakdown of $19 support level may reduce the price to $17 and $16 levels. An increase in the bulls’ momentum may leads to the breaking up of $21 resistance level which may increase to $22 and $23 resistance levels.

      XAGUSD Market

      Key Levels:

      Resistance levels: $21, $22, $23

      Support levels: $19, $17, $16

      XAGUSD Long-term trend: Bearish

      XAGUSD is bearish on the long-term outlook. The white metal was on the ranging movement within $21 and $22 levels last week. The bearish momentum increased and a daily bearish candle emerged. The support level of $21 was broken downside and $20 level was tested. The price bounced up and the price action is in the process of producing a short “W” chart pattern.  This is a bullish signal.

      Silver is trading below the 9 periods EMA and 21 periods EMA at close contact. The fast moving Average (9 periods EMA) is interlocked with the slow moving Average (21 periods EMA). The breakdown of $19 support level may reduce the price to $17 and $16 levels. An increase in the bulls’ momentum may leads to the breaking up of $21 resistance level which may increase to $22 and $23 resistance levels.

      XAGUSD Medium-term Trend: Bullish

      XAGUSD is on the bullish movement on 4-hour chart. The price action is producing a bullish chart pattern called short”W”. It is an indication that bulls may dominate the market next week. The Price may increase towards $22 price level when the bulls gain more pressure.

      Silver price is trading above the 9 periods EMA and 21 periods EMA. The Relative Strength Index period 14 is at 52 levels with the signal line displaying bearish direction which may be a pullback.

      Share with other traders!



      Source link

      • Share:
      author avatar
      DigitalLeonard

      Previous post

      AUDUSD Price May Bounce Up at $0.68 Support Level
      June 16, 2022

      Next post

      USDCHF Price Resumes a Bearish Reversal Targeting $0.95 Level After a Pullback
      June 17, 2022

      You may also like

      Daily-38.jpg
      Inverted Head and Shoulder Chart Pattern at $186 Level
      24 June, 2022
      USDCAD-1Day-3.jpg
      USDCAD Continues to Undulate in an Ascending Trend
      23 June, 2022
      4-hours-51.jpg
      EURUSD Price Increase Is Possible as Double Bottom Chart Pattern Emerges
      20 June, 2022

      Leave A Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      Search

      Categories

      • ADA
      • Analysis
      • Argentina
      • AUD
      • AUD/JPY
      • aud/usd
      • AUDJPY
      • AUDUSD
      • Binance Coin
      • Bitcoin
      • Bitcoin Cash
      • BITCOIN ETF
      • Bitcoin Futures
      • Bitcoin Mining
      • Bitcoin SV
      • Blockchain
      • BSVUSD
      • BTC
      • BTC/USD
      • CARDANO
      • Central Bank of Russia
      • Crypto
      • Crypto ATM
      • Crypto News
      • Crypto Regulations
      • crypto signals
      • Cryptocurrency
      • Cryptocuurency
      • Daily Chart
      • Daily Charts
      • Decentralization
      • Decentralized Finance
      • DEFC
      • DeFi
      • DeFi Coin
      • DNS/ENS
      • Do Kwon
      • DOGE
      • DOGE/USD
      • Dogecoin
      • Dollar
      • DOT
      • DOT/USD
      • ELON MUSK
      • ETH
      • ETH/USD
      • Ethereum
      • Ethereum Name Service
      • EUR/CHF
      • EUR/GBP
      • EUR/JPY
      • EUR/USD
      • EURCHF
      • eurjpy
      • EURUSD
      • Federal Reserve
      • Forecast
      • Forex
      • Forex Technical Analysis
      • FTSE 100
      • GBP/JPY
      • GBP/USD
      • GBPJPY
      • gbpusd
      • Global market
      • Gold
      • Governments
      • Harvard
      • Inflation
      • Iran
      • JPY
      • LBlock
      • Lucky Block
      • Market Anticipation
      • Market Expectation
      • Marketing
      • MasterCard
      • Mining
      • Monero
      • News
      • NFT
      • NFTs
      • NZD/USD
      • NZDUSD
      • Polkadot
      • Press Releases
      • Price Action
      • Price Analysis
      • Purchase
      • Regulation
      • Review
      • Russia
      • S&P 500
      • safetrading
      • silver
      • Stupidity
      • stupidity in populace
      • stupidity in trading
      • Survey
      • Switchere.com
      • Technical Analysis
      • Technicalanalysis
      • Terra
      • Trade Ideas
      • Trading Briefs
      • Twitter
      • UKX
      • Uncategorized
      • UNISWAP
      • university blockchain courses
      • US
      • US Oil
      • USD
      • USD/JPY
      • USD/TRY
      • USDCAD
      • USDCHF
      • USDJPY
      • USOIL
      • wti
      • XAUUSD
      • XLMUSD
      • XMR
      • Yen
      Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

      Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

      ₦60,000.00 ₦25,000.00
      Step By Step Website Design Tutorial For Beginners

      Step By Step Website Design Tutorial For Beginners

      ₦10,000.00
      How To Become A Full-Time YouTuber Step By Step Guide To Profit From Making YouTube Videos

      How To Become A Full-Time YouTuber Step By Step Guide To Profit From Making YouTube Videos

      ₦24,900.00
      Digital Marketing Institute Logo
      +2348165842119
      support@digitalleonard.com
      Facebook-f Twitter Google-plus-g Pinterest

      Company

      • About Us
      • Blog
      • Become An Instructor
      • Contact

      Links

      • Courses
      • Events
      • Gallery
      • FAQs

      Support

      • Join Our YouTube Channel
      • Telegram Forum
      • Facebook

      Recommend

      • BINANCE
      • BYBIT
      • HUOBI
      • KUCOIN
      • OKEX
      • BITGET

      Digital Skill Institute By DigitalLeonard.Com Powered by Digital Leonard.

      • Privacy
      • Terms
      • Sitemap
      • Contact

      Login with your site account

      Lost your password?