👋 Interested in how you can make an $1,000 per day with a trusted heavily regulated ⭐⭐⭐⭐⭐ 5-star international broker? Sign up for a free consultation.
Trading Signal: Emerging Rising Wedge on XAGUSD
An Emerging Rising Wedge pattern has been detected on XAGUSD, indicating a potential bullish movement in the near future. The pattern is still emerging and has not yet broken through support, but the price is expected to move up over the next few hours.
Technical Indicators Used:
- RSI (Relative Strength Index)
- MACD (Moving Average Convergence Divergence)
Correlation with Assets:
XAGUSD may correlate with other precious metals such as gold (XAUUSD) and platinum (XPTUSD).
Economic Calendar Events:
Traders should keep an eye on economic calendar events such as US Non-Farm Payrolls, inflation data, and Federal Reserve announcements, as they can have a significant impact on the price of silver.
The price of XAGUSD at the time the pattern was found was 34.753 and it is expected to move to 35.3835, providing a potential trading opportunity for traders looking to capitalize on the bullish movement.
⚠ If you wish to learn how to invest in the right stocks or trade successfully online, you can look into our free daily news about stock market news, crypto market news, commodities news, forex news, and financial markets daily technical analysis and trading signals.
