M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the Silver Price Forecast may continue to hold the bullish price structure on h1. As a result Silver Price Forecast trades above the last support at 77.18103 on h1. In addition, the time frame shifted its structure to the bearish side and initiated the downside momentum, as the Silver Price Forecast closes below the last support at 79.30455 on m15. As a result Silver Price Forecast confirmed the fresh resistance zone at 79.68320 on m15. Meanwhile the h1 hasn’t established any fresh support zone on h1 time frame. Therefore the pending support would remain valid on h1 time frame. Moreover, a decisive close above 81.02138 on h1, may indicate the continuation of bullish structure and could establish the fresh support zone on h1 time frame
Support Zones
M15 Support Zone
As the price trades in bearish structure on m15 time frame. Meanwhile the price hasn’t established any fresh or near by support zone on m15 time frame. Therefore awaiting for the new structure
H1 Support Zone
77.50475 – 77.18103
Pending Demand Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
79.68320 – 79.75388
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 may stay in bullish price structure on h1 time frame. As a result price respects the last support zone at 77.18103 on h1. Therefore a confirm close below 77.18103 on h1 time frame. As a result price would initiate the downside momentum and may develop the fresh resistance at 78.09856 – 78.14353 on h1 time frame. On the other hand a finish above 81.02138 on m15 time frame. As a result price could confirm the bullish side character shift and may generate the fresh support zone at 79.75388 – 79.68320 on m15 time frame.
Nyc Session Outlook
However the price is expected to stay in bullish structure on h1 time frame, as the price trades above the last support at 77.18103. Meanwhile m15 time frame continuing the bearish structure. As a result price trades below the key resistance at 79.63803 on m15 time frame. In addition, the price established fresh resistance zone at 79.63803 on m15 time frame. Therefore the price hasn’t established any fresh support on h1 time frame. Therefore, the pending support zone would remain valid on h1 time frame.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
As the price trades in bearish structure on m15 time frame. Meanwhile the price hasn’t established any fresh or near by support zone on m15 time frame. Therefore awaiting for the new structure
H1 Support Zone
77.50475 – 77.18103
Pending Demand Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
79.56229 – 79.63803
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 may continue its bullish price structure on h1 time frame. As a result price holds the last support zone at 77.18103 on h1. Therefore a close below 77.18103 on h1 time frame. As a result price may initiate the bearish momentum and could develop the fresh resistance at 78.09856 – 78.14353 on h1 time frame. On the other hand, if price post a close above 79.63803 on m15 time frame. As a result price may confirm the bullish side character shift and may introduce the fresh support zone at 79.17411 – 79.03210 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