M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Session Overview
Silver Price Forecast may stay under the bullish momentum on h1 time frame. Therefore the Silver Price Forecast positioned above the prior low at 78.33465 on h1 time frame. Meanwhile teh Silver Price Forecast holds the last identified support zone on h1. On the other hand, m15 shows the sellers strength, as the sellers defends the last high at 87.80755 on m15. Meanwhile the price hasn’t identified any latest supply zone, as the prior lastest resistance zone at 86.85831 were already tapped by the price on m15. Therefore, a move below 85.97654 on m15, would indicate the bearish continuation and shape the fresh resistance at 86.85831 – 86.96519 on m15 time frame.
Support Zones
M15 Support Zone
85.06265 – 84.92014
Pending Demand Zone
Short Term Resistance Area
H1 Support Zone
78.53594 – 78.33465
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
Although the price remains under the bearish pressure on m15 time frame. Meanwhile the price hasn’t confirmed any fresh or pending resistance on m15 time frame. Therefore, awaiting for the fresh breakdown
H1 Resistance Zone
90.61499 – 91.35806
Pending Supply Zone
Higher Time frame Resistance Region
Session Strategy
However the price is expected to trade under the bullish momentum on h1 time frame. As a result buyers defends the last low at 78.33465 on h1 time frame. Meanwhile, a finish below 78.33465 on h1 time frame. As a result price may change the structure to the sellers side and produce the fresh resistance at 82.01188 – 82.12747 on h1 time frame. Moreover, a breakout above 87.80755 on m15 time frame. Meanwhile the structure may initiate to favour the buyers and shape the fresh support at 86.92821 – 86.85988 on m15 time frame.
Nyc Session Outlook
Although the structure may continue to represents the buyers dominance on h1 time frame, as the price remains above the last low at 78.33465 on h1 time frame. However the price stays with projected support zone on h1 time frame. Meanwhile m15 structure continue under the bearish bias, while trading below the resistance at 87.80755. Although the price remains aligned with previous resistance zone on m15 time frame. Moreover, a decisive close above 87.21312 on h1 time frame. As a result price would remain align with bullish bias and establish the fresh support at 83.70262 – 83.08250 on h1 time frame
Key Support & Resistance Zone
Support Zones
M15 Support Zone
85.06265 – 84.92014
Pending Demand Zone
Short Term Resistance Area
H1 Support Zone
78.53594 – 78.33465
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
Although the price remains under the bearish pressure on m15 time frame. Meanwhile the price hasn’t confirmed any fresh or pending resistance on m15 time frame. Therefore, awaiting for the fresh breakdown
H1 Resistance Zone
90.61499 – 91.35806
Pending Supply Zone
Higher Time frame Resistance Region
Session Strategy
However the price could continue with the bullish structure on h1 time frame. As a result buyers defends the last low at 78.33465 on h1 time frame. Therefore, a break below 78.33465 on h1 time frame. Meanwhile the structure may change from bullish to bearish side, and could produce the fresh resistance at 82.01188 – 82.12747 on h1 time frame. In addition, a acceptance above 87.80755 on m15 time frame. Meanwhile the structure may advantage the buyers and could shape the fresh support at 86.92821 – 86.85988 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