Silver

SILVER,H1
Date 2013.05.02
Time 04:00

Spoiler:

http://charts.mql5.com/1/457/silver-...orex-group.png

Open 23.580
High 23.590
Low 23.470
Close 23.500
Volume 466
SMA(5) 23.572
SMA(10) 23.569
SMA(20) 23.685
SMA(50) 24.025
SMA(100) 24.113
SAR 23.305

Indicator window 1
Stoch(5,3,3) 33.3333
Signal 36.4965

Indicator window 2
RSI(14) 38.1628

Indicator window 3
MACD(12,26,9) -0.1479
Signal -0.1772

Indicator window 4
%R(14) -60.6897

based on combination of indicators above,
trend : BEARISH

strong bearish signal is still in progress for this pair based on all of three oscillator indicator from Accumulated Oscilator (AO), Relative Vigor Index (RVI) and Gator Oscilators are below the zero line or negative value as strong downtrend indication from level 23.46, and until now strong power for rebullish is still not strong enough for power for rebound

silver trying ko change karna ka trend dierction karna ho gi agr ap us time us ki chage ma fark kar lo to is ma asni ho janit ha agr ap ka din silver ho to ap ko is ma kafi fayda ho ga

Pivot levels today:
R3: 25.36
R2: 24.86
R1: 24.24
PP: 23.75
S1: 23.12
S2: 22.63
S3: 22.00
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 22.00

time frame- H1
the price is rejected from the resistance at the 24.35 and moving down side. at the down side we can see a strong resistance at the 23.20 and price again moving up side. today it will be break the resistance at 24.00 and moving to the 24.50 level
good luck

Silver:still dominates the risk of rising.
Our point spread is at the level of 23.80(below the last hour of the rising aggressive candles).
- opinion: buy after the strengthening of the above 24.05 with the target points 24.55 and 24.80.
Alternative scenario: a breakthrough level of 23.80 will open the way to 23.37 and 23.00.
Analysis : on the 4 hour chart are being developed North of divergence of stochastics and RSI.

SILVER (Spot) intraday: key ST resistance at 24.05

Pivot: 24.05
Our preference: SHORT positions below 24.05 with 23.05 & 22.6 as next targets.
Alternative scenario: The upside breakout of 24.05 will open the way to 24.37 & 24.8.
Comment: the upward potential is likely to be limited by the resistance at 24.05.

today i like to sell Silver @ 24.05 to 24.25 Range
my stop loss of the day @ 24.55
my half take profit @ 23.70
and half @ 23.40

there is lot of fluctations in the silver market and hence there is lot of chances to lose the profit and there is not kind of strategy useful for all the trader and take a better decision after analyse the total market ups and down

silver pivot levels by using fibonacci pivot indicator.

r3:24.82
r2:24.40
r1:24.13

pivot :23.71

s1:23.28
s2:23.02
s3:22.59