Chart the Market (12/02/2026)
  • Market Insights   >   Chart The Market

Chart the Market (12/02/2026)

Published: 12 February 2026,06:23

Published: 12 February 2026,06:23

Chart The Market

Tags:

Share on:
FacebookLinkedInTwitterShare

Silver (XAGUSD), H4: 

Silver prices have experienced a significant technical recovery following a period of intense selling pressure, managing to reclaim ground above the key 61.8% Fibonacci retracement level at $81.05. This breach is a necessary first step in repairing the recent structural damage, suggesting that the worst of the sell-off may have passed and creating the potential for further near-term upside.

However, the recovery has notably lost momentum upon reaching this threshold. The bullish impulse that drove the rebound from the lows has visibly stalled, placing the metal at a precarious technical juncture. The immediate priority for bulls is to consolidate and establish support above the $81.05 level, converting it from resistance breached into a reliable floor. A successful defense of this level would validate the recovery and signal that silver is building a sustainable base for the next leg higher.

Conversely, a failure to sustain prices above the 61.8% Fibonacci retracement would carry significant negative implications. Such a breakdown would indicate that the recent rebound was merely a short-covering rally within a dominant downtrend rather than a genuine reversal. It would place silver back within its bearish trajectory and likely trigger a fresh wave of selling pressure, targeting a retest of the recent lows and potentially extending the correction.

Resistance Levels: 91.95, 103.70

Support Levels:81.15, 71.30

AUDUSD,  H4

The AUDUSD pair has delivered a clear and actionable bullish signal, completing a textbook double-bottom reversal pattern. The pair is now progressively breaking above the pattern’s immediate resistance line at 0.7120, a level that has served as a formidable ceiling. This breach reinforces the bullish bias established by the pattern’s formation and suggests that the prior downtrend has been conclusively invalidated.

The constructive price action is strongly supported by a synchronized bullish shift in momentum indicators. The Relative Strength Index has ascended into overbought territory, reflecting robust and sustained buying pressure. Simultaneously, the Moving Average Convergence Divergence indicator has rebounded decisively above its zero line and continues to trend higher, confirming that positive momentum is not merely present but is actively accelerating.

In summary, the technical outlook for AUDUSD has turned unequivocally bullish. The confluence of a major reversal pattern, a confirmed breakout above resistance, and powerfully aligned momentum oscillators establishes a high-probability setup for continued upside. The immediate focus is on sustaining price action above the 0.7120 breakout level, which should now serve as new support. A successful hold here would open a clear path toward the next resistance objectives. The bullish scenario would only be invalidated by a decisive reversal back below the double-bottom’s neckline, a development that appears increasingly unlikely given the current strength of momentum.

Resistance Levels: 0.7230, 0.7290

Support Levels: 0.7015, 0.6910

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

Latest Posts

Fast And Easy Account Opening

Create account
  • 1

    Register

    Sign up for a PU Prime Live Account with our hassle-free process.

  • 2

    Fund

    Effortlessly fund your account with a wide range of channels and accepted currencies.

  • 3

    Start Trading

    Access hundreds of instruments under market-leading trading conditions.

Important Notice to Visitors

Our products and services are not offered or made available to residents of your jurisdiction. The information on this Website is not directed at persons in your jurisdiction and is not intended as an offer, solicitation, or promotion of our products or services to them.

By clicking “I Understand”, you acknowledge this notice and confirm that you are accessing this Website at your own initiative. Access to this Website does not mean that our products or services are available to you.

Important Notice

Please be advised that our products and services are currently unavailable to residents and entities located in the Philippines.

This restriction is a result of our firm commitment to adhering to applicable legal and regulatory requirements in all jurisdictions where we operate. In line with our internal compliance protocols and evolving global standards, we continuously assess and update access to our platform to ensure full regulatory alignment.

We appreciate your understanding and cooperation.

If you believe this restriction has been applied in error, please contact our support team for further assistance.

Important Notice:

Important Notice: Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on a reverse solicitation basis in accordance with the laws of your home jurisdiction.

Important Notice:

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Aviso importante:

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.