M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
However the Silver Price Forecast may remains aligned with the last week bearish structure on h1 time frame. Therefore the Silver Price Forecast hovers below near by resistance at 76.67397 on h1 time frame. Meanwhile the Silver Price Forecast continue to trade with the same resistance at 78.52011 on h1 time frame. On the other hand, the m15 time frame trades in the bearish bias, as the Silver Price Forecast trades below the recent resistance at 76.58571 on m15 time frame. Therefore the Silver Price Forecast set up the fresh resistance at 76.04112 on m15 time frame. Moreover, acceptance below 75.59264 on m15 time frame. As a result Silver Price Forecast may establish the fresh resistance on m15 time frame.
Resistance Zones
M15 Resistance Zone
76.03654 – 76.19214
Fresh Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
78.51270 – 78.69230
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
Although the price trades in bearish structure on m15 time frame. Therefore the price hasn’t confirmed any fresh or pending support zone on m15 time frame. Meanwhile awaiting for the fresh breakout.
H1 Support Zone
65.31546 – 64.67674
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price may maintain the bearish bias on h1 time frame, until the price respects the last resistance at 76.67397 on h1 time frame. Therefore if price ends above at 76.67397 on h1 time frame. As a result price may support the bullish bias and may develop the fresh support at 74.89953 – 74.74172 on h1 time frame. In addition, if price records a close above 76.58571 on m15 time frame, as price could establish the bullish bias and generate the fresh support at 76.19214 – 76.03654 on m15 time frame.
Nyc Session Outlook
Although the price would keep the sellers intact on h1 time frame, as the price still operates below the resistance at 76.67397 on h1 time frame. Meanwhile the price continues to trade with same pending resistance zone on h1 time frame. On the other hand, the m15 time frame remains under the bearish pressure and the structure remains aligned with previous resistance on m15 time frame. Therefore the pending zone would remain active on h1 and m15 both the time frame. Moreover, a define close below 75.44412 on m15 time frame, may open the door for further downside and could establish the fresh resistance at 75.90906 – 75.93144 on m15 time frame
Key Resistance & Support Zone
Resistance Zones
M15 Resistance Zone
76.03654 – 76.19214
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
78.51270 – 78.69230
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
As the price continues under the bearish bias on m15 time frame. Meanwhile the price hasn’t secured any fresh or pending support zone on m15 time frame. Therefore awaiting for the fresh breakout.
H1 Support Zone
65.31546 – 64.67674
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
However the h1 time frame may keep favoring the downside momentum on h1 time frame, as the price remains below the last resistance at 76.67397 on h1 time frame. Meanwhile, a close above at 76.67397 on h1 time frame. As a result price could support the bullish momentum and could develop the fresh support at 74.89953 – 74.74172 on h1 time frame. On the other hand, acceptance above 76.58571 on m15 time frame, as price may initiate the bullish momentum and may shape the fresh support at 76.19214 – 76.03654 on m15 time frame.
Key Takeways
Trend: Bearish
Bias: Sell On Rise
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