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Thread is silver
Todays my technical analysis of silver.
Resistance and Supporting level today,s.
Today Trend is bearish.
Resistance level Is :
First Resistance is: .....14.85
Second Resistance is: 14.92
Third Resistance is: ....14.98
Supporting levels is :
First Support is:...... 14.63
Second Support is: .14.52
Third Support is:..... 14.38
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The 4 hour chart, silver now stand at 19.62 dollars to support the above, but also in the 100 moving average near $19.74 encountered resistance. On the daily charts, stochastic excessive tension, or callback pressure.
Resistance, 100 day moving average at the first near $20.17, 50 day moving average at $20.48 then in line; support at $19.13, then at the $19 mark.
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Yesterday morning i also bough silver but ut didn't reached my target but able to cross above the 37 levels and i closed with few pips of profit, Not able to understand silver movement.
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The pair USDCNY exceeded 6.94, getting closer to the psychologically important level 7.0. In August and November, the PBoC actively defended the exchange rate from growth higher. Partly the price dynamics today is explained by the desire of speculators to warm up
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Pivotal Points: 14.588
Resistance 3: 15.002
Resistance 2: 14.893
Resistance 1: 14.697
Support 1: 14.392
Support 2: 14.283
Support 3: 14.087
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Let us note that Norges Bank, for the first time in the last 7 years, announced a possible rate hike in March 2019 from 0.75% to 1% at its October meeting last year. By the end of 2019, the rate can be once again raised to 1.25%. This is a positive factor for the Norwegian krone exchange rate.
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Silver
Today Trend is bearish.
Resistance level Is :
First Resistance is: .....14.87
Second Resistance is: 14.95
Third Resistance is: ....14.95
Supporting levels is :
First Support is:...... 14.65
Second Support is: .14.55
Third Support is:..... 14.35...
thats my ponit of analysis..
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XAGUSD slides lower to 17.80 on Wednesday and attempts to find support around hourly SMA90. On the chart, technical indicators suggest bias turned neutral and there is no clue about further short-term direction. XAGUSD might keep trading sideways between 17.70 and 18.00.
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right now i have two open positions in silver and both sell orders. and silver is green at the moment. and i could nt access my account right now, but i expect the price will be in my favour after opening of the london and europea n sessions. i have no means to manually close the positions but the targets had already been set
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Silver pr bhe ajj kal kafi log acha profit kama na kamyab hai or sahi trah us ma work kar ka acha profit bhe kama rhai hai us leay huma soch smjha ka he us ma work karna ho ga jesa huma acha profit bhe huma asani say mil sakhta hai