Published: 4 March 2026,05:35
Chart The Market
XAGUSD (Silver), H4:
Silver prices have sustained a decisive technical breakdown, breaching both a key liquidity zone and its uptrend support line. This violation marks a significant structural shift and signals a bearish trend reversal for the metal following its extended rally.
The breakdown below the liquidity zone near $90-$85 confirms that selling pressure has overwhelmed previously established support levels . Recent price action saw silver plunge more than 15% in a two-day reversal, erasing the geopolitical spike from the Iran conflict and pushing prices toward the $80 level . The uptrend support line, which had provided a reliable floor throughout the metal’s recovery phase, has now been cleanly broken, indicating that the prior bullish structure has been invalidated
The $80 level now represents immediate critical support, corresponding with the 50-period exponential moving average. A sustained break below this threshold would open a path toward deeper support zones at $78—the March low—and potentially the $70 region marked by February’s swing lows.
Momentum indicators strongly support the bearish bias. The Relative Strength Index has crossed below the 50-midpoint and is trending toward oversold territory near 30, reflecting intensifying selling pressure. The Moving Average Convergence Divergence is breaking below its zero line following a bearish crossover, with the histogram expanding downward, confirming that downside momentum is accelerating.
Resistance Levels: 85.70, 95.30
Support Levels: 78.55, 70.60
EURJPY, H4
The EURJPY pair encountered strong resistance near the 184.80 level, leading to a decisive rejection that has propelled prices downward into a previous liquidity zone. This price action signals a bearish shift in near-term momentum, with the pair now testing critical support levels established during prior consolidation phases.
The bearish view is reinforced by a clear deterioration in momentum indicators. The Relative Strength Index is poised to break into oversold territory, reflecting accelerating selling pressure, while the Moving Average Convergence Divergence is breaking below its zero line following a bearish crossover . Both indicators confirm that bearish momentum is gaining traction.
The liquidity zone near 183.50-184.00 now represents a pivotal support area; a sustained break below could open a path toward the next downside targets near 182.50 and the 100-day EMA around 181.20, where the broader bullish structure would face a more significant test . For the bearish view to be invalidated, the pair would need to reclaim the 184.80 resistance level.
Resistance Levels: 184.80, 186.40
Support Levels: 181.70, 179.95
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