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Market Commentary: First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and...may not reach the level of resistance. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
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Forex Forecast with price level
Silver - pair in focus.
Current Price - 14.527
main support level - 14.337
main resistance level - 14.703
Pair likely to be in Sell today.
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SILVER> Bearish
PIVOT POINT > 14.37
S1 > 14.19
S2 > 14.08
S3 > 13.90
R1 > 14.55
R2 > 14.66
R3 > 14.83
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my dear sir today of my tachnical analysis is bullish trend seems to be taking place on the
silver
pair and that according to the green color shown by the Bollinger Bands indicator determining by that the main market direction A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal t his pair can continue bullish trend now current price at and strong support at level in hourly time frame there is possible chance price will move to up side then next high price is
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SYDNEY (Reuters) - Asian shares slid on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus could last for months, doing untold harm to economies.
“We continue to mark down 1H20 global GDP forecasts as our assessment of both the global pandemic’s reach and the damage related to necessary containment policies has increased,” said JPMorgan economist Bruce Kasman.
They now predict global GDP could fall at a 10.5% annualized rate in the first half of the year.
There was much uncertainty about whether funds would have to buy or sell for month and quarter end to meet their benchmarks, many of which would have been thrown out of whack by the wild market swings seen over March.
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my opinion about this pair..
As All of you know that . this trading pair is too good for best tradong is pair . this trading pair gives us lot of experience. . by the trading in this pair we will be able to earn large profit .its all becouse of its movement. after the understanding of pro EMA trading analysis. its all candle pre-inform you about future movement.
95% chances of profit aftar analysis of these indicators So i am always refer the indicator for analysis ... .
i suggest you this analysis indicater for 95% chances...
goodluck..
pair and that according to the green color shown by the Bollinger Bands indicator determining by that the main market direction A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal t his pair can continue bullish trend now current price at and strong support at level in hourly time frame there is possible chance price will move to up side
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SILVER= BEARISH TREND IN H4 TIME FRAME
Resistance 3 =15.08
Resistance 2 =14.84
Resistance 1 =14.62
Pivot point=14.38
Support 1=14.16
Support 2=13.91
Support 3=13.69
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Everyone made his stretigy by its own opinions.
Some peoples used fundamental approaches, some
people used moving averages and other then used
supports and residences , who help him to make
his stretigy .
Today i discuss about the pair of ---Silver
My recommendation about this pair is --buy.
After the analysis of residence and supports and its previous movements.
Resistance Level (R3): 15.138
Resistance Level (R2): 14.967
Resistance Level (R1): 14.758
Pivot Point: 14.587
Support Level (S1): 14.378
Support Level (S2): 14.207
Support Level (S3): 13.998
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I predict this pair will reach to the next resistance level, maybe this pair will make some correction to the next high level.
Up trend is indicated from the Simple Moving Average and Bollinger Bands indicator .
BUY position is better choice now, you can set target profit level 35 pips from current price
that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction.
bullish signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
this pair can continue bullish trend today and there is possible chance price will move to up side.
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Silver trend is sell
Pivots Point : 13.811
1 Supporting level is 12.908
2 Supporting level is 11.456
3 Supporting level is 9.101
1 Resistance level is 15.263
2 Resistance level is 16.166
3 Resistance level is 18.522
