白銀 技術分析 - 白銀 交易: 2019-06-03

After China, the United States entered into a trade conflict with Mexico

Precious metals are becoming more expensive against the backdrop of expanding the geography of global trade wars. The United States can increase import duties not only for China, but also for Mexico. In addition, precious metals can be supported by a reduction in the Fed rate. Will the silver quotations increase?

On the daily timeframe XAGUSD: D1 came out of the downtrend. Various technical analysis indicators have generated an uptrend signal. Further growth of quotations is possible in case of an increase in demand for precious metals.

• The Parabolic indicator shows uptrend signal.
• The Bolinger bands expanded, indicating high volatility. Both Bollinger lines are sloping down.
• The RSI indicator is below 50. It has formed a divergence to the increase.
• The MACD indicator gives bullish signal.

The bullish momentum may develop in case if XAGUSD exceeds its last maximum: 14.67. This level may serve as an entry point. The initial stop loss may be placed below the last two lower fractals and the Parabolic signal: 14,25. After opening the pending order, we shall move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we are changing the potential profit/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place a stop loss moving it in the direction of the trade. If the price meets the stop level (14,25) without reaching the order (14,67), we recommend to cancel the order: the market sustains internal changes that were not taken into account.

Technical Analysis Summary