Title
by Americanbulls.com LLC
Last Update
2020-10-23
XAGCNY
SILVER / CHINESE YUAN
Last Signal: SELL
Last Pattern: BEARISH DARK CLOUD COVER
Last Close:
164.1700
Change:
-0.8100
Percent change
-0.49%
Signal Update
Our system’s recommendation today is to SELL. The BEARISH DARK CLOUD COVER pattern finally received a confirmation because the prices crossed below the confirmation level which was at 164.9800, and our valid average selling price stands now at 164.1700. The previous BUY signal was issued on 2020-10-20, 3 days ago, when the currency rate was 163.4400. Since then XAGCNY has risen by +0.45%.
Market Outlook
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet. more...


Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This is a top reversal pattern with two candlesticks. A white candlestick appears on the first day while an uptrend is in progress. The second day opens at a new high, with a gap up and closes more than halfway into the prior white body, leading to the formation of a strong black candlestick. more...
Signal History
Date 
Price 
Signal 
 
$10K ⇨ 
2020-10-23164.1700SELL $75,432
2020-10-20163.4400BUY $75,141
2020-10-16162.1500SHORT $76,209
2020-10-09162.2000BUY $76,280
2020-10-06158.9950SHORT $79,805
2020-09-29161.6700BUY $81,142
2020-09-21180.0200SHORT $70,092
2020-09-14184.8300BUY $72,663
2020-09-08182.3800SHORT $74,551
2020-08-31189.4900BUY $78,287
2020-08-24184.0200SELL $78,297
2020-08-18191.1200BUY $82,036
2020-08-11193.1350SELL $82,046
2020-07-07128.2600BUY $30,138
2020-07-02126.7000SELL $30,148
2020-06-19124.2400BUY $28,149
2020-06-12124.1300SELL $28,159
2020-06-10125.9700BUY $29,957
2020-06-02128.4000SELL $29,967
2020-05-07105.8300BUY $9,546
2020-04-30106.7900SELL $9,556
2020-04-23107.3000BUY $9,990
† Standard Lot: US$100K
† Margin: US$10K, Leverage: 1/10
† Transaction cost: US$10/trade
† Long Swap: -US$2/day
† Short Swap: +US$1/day
Date 
Price 
Signal 
 
$10K ⇨ 
2020-10-23164.1700SELL $105,635
2020-10-20163.4400BUY $105,344
2020-10-16162.1500SHORT $106,412
2020-10-09162.2000BUY $106,483
2020-10-06158.9950SHORT $110,008
2020-09-29161.6700BUY $111,345
2020-09-21180.0200SHORT $100,295
2020-09-14184.8300BUY $102,866
2020-09-08182.3800SHORT $104,754
2020-08-31189.4900BUY $108,490
2020-08-24184.0200SELL $108,500
2020-08-18191.1200BUY $112,239
2020-08-11193.1350SELL $112,249
2020-07-07128.2600BUY $60,341
2020-07-02126.7000SELL $60,351
2020-06-19124.2400BUY $58,352
2020-06-12124.1300SELL $58,362
2020-06-10125.9700BUY $60,160
2020-06-02128.4000SELL $60,170
2020-05-07105.8300BUY $39,749
2020-04-30106.7900SELL $39,759
2020-04-23107.3000BUY $40,193
2020-04-17108.7700SELL $40,203
2020-04-0299.5200BUY $31,088
2020-03-09119.5350SHORT $12,396
2020-03-05120.0800BUY $13,017
2020-02-25128.4150SELL $13,027
2020-02-14123.4600BUY $9,433
2020-02-04123.5800SHORT $9,446
2020-01-30123.5600BUY $10,367
2020-01-28122.3600SELL $10,377
2020-01-20124.0400BUY $12,714
2020-01-09125.2800SELL $12,724
2020-01-06126.1100BUY $12,778
2019-12-31124.1300SELL $12,788
2019-12-20120.0100BUY $8,762
2019-12-06118.1700SHORT $10,726
2019-12-03119.7700BUY $11,731
2019-11-07122.9400SHORT $7,778
2019-10-31126.4600BUY $9,698
2019-10-29125.8400SELL $9,708
2019-10-25126.1700BUY $9,990
† Standard Lot: US$100K
† Margin: US$10K, Leverage: 1/10
† Transaction cost: US$10/trade
† Long Swap: -US$2/day
† Short Swap: +US$1/day
Date 
Price 
Signal 
 
$10K ⇨ 
2020-10-23164.1700SELL $132,802
2020-10-20163.4400BUY $132,511
2020-10-16162.1500SHORT $133,579
2020-10-09162.2000BUY $133,650
2020-10-06158.9950SHORT $137,175
2020-09-29161.6700BUY $138,512
2020-09-21180.0200SHORT $127,462
2020-09-14184.8300BUY $130,033
2020-09-08182.3800SHORT $131,921
2020-08-31189.4900BUY $135,657
2020-08-24184.0200SELL $135,667
2020-08-18191.1200BUY $139,406
2020-08-11193.1350SELL $139,416
2020-07-07128.2600BUY $87,508
2020-07-02126.7000SELL $87,518
2020-06-19124.2400BUY $85,519
2020-06-12124.1300SELL $85,529
2020-06-10125.9700BUY $87,327
2020-06-02128.4000SELL $87,337
2020-05-07105.8300BUY $66,916
2020-04-30106.7900SELL $66,926
2020-04-23107.3000BUY $67,360
2020-04-17108.7700SELL $67,370
2020-04-0299.5200BUY $58,255
2020-03-09119.5350SHORT $39,563
2020-03-05120.0800BUY $40,184
2020-02-25128.4150SELL $40,194
2020-02-14123.4600BUY $36,600
2020-02-04123.5800SHORT $36,613
2020-01-30123.5600BUY $37,534
2020-01-28122.3600SELL $37,544
2020-01-20124.0400BUY $39,881
2020-01-09125.2800SELL $39,891
2020-01-06126.1100BUY $39,945
2019-12-31124.1300SELL $39,955
2019-12-20120.0100BUY $35,929
2019-12-06118.1700SHORT $37,893
2019-12-03119.7700BUY $38,898
2019-11-07122.9400SHORT $34,945
2019-10-31126.4600BUY $36,865
2019-10-29125.8400SELL $36,875
2019-10-25126.1700BUY $37,157
2019-10-22123.9400SHORT $39,106
2019-10-14124.6700BUY $39,806
2019-10-04124.8000SHORT $40,743
2019-10-02123.5500BUY $39,773
2019-09-27125.2800SHORT $38,032
2019-09-17126.4900BUY $39,447
2019-09-06132.6300SELL $39,457
2019-08-23121.4400BUY $30,748
2019-08-19119.9700SELL $30,758
2019-08-07115.7100BUY $27,137
2019-07-26112.7200SELL $27,147
2019-07-03105.2700BUY $20,078
2019-06-26105.3100SELL $20,088
2019-06-18103.1400BUY $17,678
2019-06-10101.8100SELL $17,688
2019-05-30100.1250BUY $16,470
2019-05-2899.9450SHORT $16,802
2019-05-23100.2300BUY $17,120
2019-05-16100.2500SELL $17,130
2019-05-14101.6600BUY $18,600
2019-05-0199.9200SHORT $18,237
2019-04-25100.6100BUY $18,894
2019-04-19100.0800SHORT $18,875
2019-04-04101.6300BUY $20,332
2019-03-14103.1150SHORT $18,927
2019-03-08101.9150BUY $17,800
2019-02-21106.4700SELL $17,810
2019-02-15106.1100BUY $16,624
2019-02-12105.9300SELL $16,634
2019-01-29106.4100BUY $17,738
2019-01-16105.0800SELL $17,748
2019-01-14105.8900BUY $18,395
2019-01-07106.9750SELL $18,405
2018-12-24101.6000BUY $12,444
2018-12-14101.0200SELL $12,454
2018-12-0699.4200BUY $11,301
2018-11-2099.3800SHORT $12,185
2018-11-1497.2550BUY $9,990
† Standard Lot: US$100K
† Margin: US$10K, Leverage: 1/10
† Transaction cost: US$10/trade
† Long Swap: -US$2/day
† Short Swap: +US$1/day

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