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silver
morning analysis of the market with two indicator adx wilder(14) & adx(14) in 1 hour timeframe.the value of two diferrent indicator shows us that
adx wilder(14) level
style : 28,66
+di : 38.59
-di : 12.04
adx(14) level
adx : 26.64
+di : 25.76
-di : 14.15
so overall market trand is : slightly bullish
timeframe : m15
time : 0100 gmt
time frame- H1
it is making the double bottom chart pattern and moving up side from the support at 21.28 level but it is not able to break the resistance at 21.80 and again rejected to down side. if the price break pivot point support at 21.59 it will falling and move to the 21.00 level
trade type- short@21.55
target@ 21.00
stop loss@21.90
good luck.
I also open buy order but i did not close till.
silver movement different .....................
but one thing is sure that is "if you want to enter with buy order for long term then you never book loss ..........you will earn a lot of pips".
Silver managed to rise above the pivot level, despite efforts to get back down below the pivot. If Silver is able to sustain above the pivot position, Silver will likely strengthen to 22.00 to 22.34, but if the price back down below the pivot, Silver will likely fall to a level of 21.31 to 20.95.Spoiler:
Silver analysis :
date : 09.25.13
time : 03:15 GMT
time frame : 15 min
current rate :21.63
high : 21.84
low : 21.57
net change : -0.02%
overall trend : neutral.
Daily pivot Fibonacci points: Resistance levels: R1: 21.90 R2: 23.17 R3: 22.40 Support levels: S1: 21.27 S2: 21.21 S3:20.94
awesome oscillator best indicator to signal to colors red colors down market and lime colors up market
up signal tp:30 pip
less:20 pip
Silver analysis for 09.25.2013 by using pivot indicator.
r3: 22.693
r2: 22.342
r1: 22.008
pivot: 21.657
s1: 21.323
s2: 20.972
s3: 20.638
Commentary: Silver fell slightly; settling $0.10, or 0.33%, lower at $28.78 on Wednesday. Like those for gold, silver ETF holdings fell significantly, down 5 million troy ounces to 474 million, almost twelve million below the record set in December. These are the lowest levels in holdings since late-November.
The gold/silver ratio rose to 47.7, slightly above the four-year low near 46 set late last year. (The gold/silver ratio measures the relative value/performance of the two precious metals. A higher ratio indicates gold outperformance, while a lower ratio indicates silver outperformance)
SILVER (Spot) intraday: Like Gold trend, Silver is BEARISH trend. provided that 21.95 is resistance
Pivot@ 21.95
My choice: OPen Sell trade underneath 21.95 with 21.2 and 20.6 in sight.
http://dl.dropbox.com/u/51561036/scr...925-170208.jpg