M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
However the Silver Price Forecast may keep trading in the bullish price structure on h1 time frame. Meanwhile the Silver Price Forecast trades above the last support at 72.89161 on h1 time frame. In addition the m15 trades in the bearish structure, as the Silver Price Forecast failed to sustain above the last support at 74.82686 on m15 time frame and trading below the last resistance at 74.77167 on m15 time frame. As a result Silver Price Forecast established the fresh resistance at 75.27182 – 75.35770 on m15 time frame. Moreover, a decisive close below 72.59951 on m15 time frame. As a result Silver Price Forecast may expose the fresh resistance at 74.45367 – 74.79100.
Support Zones
M15 Support Zone
The price trades in bearish structure on m15 time frame. Therefore the price hasn’t established any fresh support zone on m15 time frame. Meanwhile awaiting for the new structure.
H1 Support Zone
65.31546 – 64.67674
Pending Support Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
75.27182 – 75.35770
Fresh Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
82.46183 – 82.55164
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price could continue to respect the bullish price structure, until the price trades above the last support at 72.89046 on h1 time frame. Therefore, if price print a close below 72.89046 on h1 time frame. As a result price would support the bearish bias and may create the fresh resistance at 74.71006 – 74.86350 on m15 time frame. In addition, a move above 74.77259 on m15 time frame could signal the bullish character shift and would create the fresh support at 74.27205 – 74.00677 on m15 time frame.
Nyc Session Update
Although the price may continue the bullish price structure on h1 time frame, as the price trades under the last support at 72.89046 on h1. Meanwhile the price hasn’t established any fresh support on h1 time frame. On the other hand the m15 time frame hasn’t confirmed any fresh resistance on m15. Therefore the pending zones would remain valid on both the time frame.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
The price trades in bearish structure on m15 time frame. Therefore the price hasn’t established any fresh support zone on m15 time frame. Meanwhile awaiting for the new structure.
H1 Support Zone
65.31546 – 64.67674
Pending Support Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
75.27182 – 75.35770
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
82.46183 – 82.55164
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the price may keep trading under the bullish price structure, until the price respect the last support at 72.89046 on h1 time frame. Therefore, if price close below 72.89046 on h1 time frame. As a result price may support the bearish bias and could create the fresh resistance at 74.71006 – 74.86350 on m15 time frame. In addition, a sustain close above 74.77043 on m15 time frame could signal the bullish character shift and could create the fresh support at 74.27384 – 74.00943 on m15 time frame.
Key Takeways
Trend: Bullish
Bias: Buy On Dips
Follow H1 Structure
Disclaimer
Although this analysis is for educational and informational purposes only. Therefore it does not constitute financial advice. However always manage your risk and trade responsibly.
Moreover, check out my Previous XAGUSD Analysis section.
In addition, for daily XAGUSD silver chart analysis refer my XAGUSD Daily Analysis section