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Published: 13 April 2026,07:08
Daily Market Analysis New
XAGUSD H4:
Silver surged past its asymmetric triangle price pattern in the previous session, initially signaling a potential bullish trend reversal. However, the bullish momentum proved short-lived, as the latest price action has formed a lower-high pattern—a classic indication that buying pressure is fading following the breakout attempt.
The technical deterioration has been further reinforced by the emergence of a lower-low price pattern, confirming that sellers are regaining control and that the breakout lacked the conviction needed for a sustained reversal. This sequential decline in peaks and troughs reflects a clear shift in market structure from neutral to bearish.
The combination of a failed triangle breakout followed by lower-high and lower-low formations is a strong bearish signal. It suggests that the initial upside move was a liquidity grab or a false breakout rather than a genuine trend reversal, trapping breakout traders who bought into the move.
Momentum indicators have turned decidedly bearish. The Relative Strength Index has rolled over from overbought levels and is trending lower, while the Moving Average Convergence Divergence is showing early signs of a bearish crossover, confirming that the brief bullish impulse has dissipated.
Resistance Levels: 76.60, 81.45
Support Levels: 71.10, 66.65
EURJPY, H4
The EURJPY pair has broken decisively above its asymmetric triangle price pattern, a constructive technical development that has triggered a sustained rally toward the all-time high level near the 186.90 mark. The breakout has gained momentum, with the pair now positioned to challenge this historic resistance zone for the first time since the previous peak was established.
The asymmetric triangle pattern typically resolves in the direction of the prevailing trend, and the upside breakout has been accompanied by accelerating bullish momentum. The measured move from the pattern projects further upside beyond the 186.90 level, suggesting that a successful breach could open a path toward the 188.00-189.00 region.
Momentum indicators strongly support the bullish outlook. The Relative Strength Index has broken into overbought territory, reflecting robust buying pressure, while the Moving Average Convergence Divergence continues to edge higher, confirming that positive momentum remains structurally intact and is not showing signs of exhaustion.
Resistance Levels: 187.75, 188.76
Support Levels: 185.50, 184.55
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