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EUR/AUD 1H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 19, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    XAG/USD 1H Chart: Ascending Triangle Comment: Regardless of silver struggling to regain bullish momentum near the October 2015 high, our outlook on the metal is bullish. Demand is building up, and this is evidenced by the ascending triangle that formed following the rally in the first half of April. At the same time, the technical indicators are mostly pointing upwards, further increasing the upside risks. Once above 16.40, XAG/USD is to target the weekly R1 at 16.63, while in the long run it

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