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SILVER (XAGUSD) Technical Analysis 2015, 19.04 - 26.04: Bearish Reversal with Breakdown

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by , 04-21-2015 at 06:45 AM (1493 Views)
      
   
D1 price is on primary bearish breakdown which is started today on open daily bar:

  • the price is crossing 16.05 support level
  • Sinkou Span A line (which is the virtual border between the primary bullish and the primary bearish on H1/H4/D1/W1/MN charts) was crossed by the price on close D1 bar for the reversal of the price movement to the bearish market condition
  • Chinkou Span line of Ichimoku indicator is showing next good breakdown possibilities in the near future for this or near week
  • nearest support level is 16.05
  • nearest resistance levels are 16.62 and 16.88

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