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pair- silver
chart analysis time frame- m30
http://i62.tinypic.com/2568od1.jpg
the up movement of the price is rejecting from the resistance at 18.90 level and falling down. now this is at the strong supporting trend line so again up movement can see to the resistance at 19.05 level. long with the stop loss at 18.50
good luck.
http://prntscr.com/3ph62o
analysis for today 6 / 4 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle SILVER on the date 6 / 3 / 2014
OPEN 18.715
HIGH 18.905
LOW 18.695
CLOSED 18.775
The third resistance (R3) 18.905 - ( 18.792 - 18.695 = 0.097 x 2 = 0.193 )= 19.098
The second Resistance (R2) 18.792 + 18.905 - 18.695 = 19.002
First resistance (R1) 18.792 x 2 = 37.583 - 18.695 = 18.888
pivot points 18.905 + 18.695 + 18.775 = 56.375 / 3 = 18.792
Support for the first (S1) 18.792 x 2 = 37.58 - 18.91 = 18.678
Support second (S2) 18.792 - ( 18.905 - 18.695 = 0.210 ) = 18.582
Third Support (S3) 18.695 - ( 18.905 - 18.792 = 0.113 x 2 = 0.227 )= 18.468
hanji metal mein high spread hota hai aur esliye aap esme high volume par trades nahi kar sakte eske liye aapko leverage bhi jada he chahiye hoga,aapko esse badiya currency pairs mein he kaam karna chahiye ussi se aap ess business mein experience gain kar sakonge..Quote:
Originally Posted by asingh601
http://prntscr.com/3psr87
analysis for today 6 / 5 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle SILVER on the date 6 / 4 / 2014
OPEN 18.770
HIGH 18.860
LOW 18.710
CLOSED 18.770
The third resistance (R3) 18.860 - ( 18.780 - 18.710 = 0.070 x 2 = 0.140 )= 19.000
The second Resistance (R2) 18.780 + 18.860 - 18.710 = 18.930
First resistance (R1) 18.780 x 2 = 37.560 - 18.710 = 18.850
pivot points 18.860 + 18.710 + 18.770 = 56.340 / 3 = 18.780
Support for the first (S1) 18.780 x 2 = 37.56 - 18.86 = 18.700
Support second (S2) 18.780 - ( 18.860 - 18.710 = 0.150 ) = 18.630
Third Support (S3) 18.710 - ( 18.860 - 18.780 = 0.080 x 2 = 0.160 )= 18.550
pair- silver
chart analysis time frame- m30
http://i58.tinypic.com/166ygpk.jpg
the price of the silver has been break the resistance at 18.90 and moving up side with making a stong bull canlde. the rsi is now showing overbought so some retracement can setup. hold the long entry with stop loss at 18.70 and profit target 19.50 level.
good luck.
http://prntscr.com/3q3tas
analysis for today 6 / 6 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle SILVER on the date 6 / 5 / 2014
OPEN 18.775
HIGH 19.110
LOW 18.670
CLOSED 19.005
The third resistance (R3) 19.110 - ( 18.928 - 18.670 = 0.258 x 2 = 0.517 )= 19.627
The second Resistance (R2) 18.928 + 19.110 - 18.670 = 19.368
First resistance (R1) 18.928 x 2 = 37.857 - 18.670 = 19.187
pivot points 19.110 + 18.670 + 19.005 = 56.785 / 3 = 18.928
Support for the first (S1) 18.928 x 2 = 37.86 - 19.11 = 18.747
Support second (S2) 18.928 - ( 19.110 - 18.670 = 0.440 ) = 18.488
Third Support (S3) 18.670 - ( 19.110 - 18.928 = 0.182 x 2 = 0.363 )= 18.307
pair- silver
chart analysis time frame- m30
http://i62.tinypic.com/2w1xkpy.jpg
the up movement is making correction from the resistance at 19.10 level and making pull up from the suppport at 18.97 level. now the price break the resistance and again moving up to make new high. long this with the stop loss at 18.85 and profit target 19.60
good luck
http://prntscr.com/3r25rl
analysis for today 6 / 9 / 2014
SILVER
Resistance : R1 19.205 R2 19.705 R3 19.955
Support : S1 18.825 S2 18.325 S3 18.075
Open : 18.980
High : 19.075
Low : 18.955
Range : 120 Pips
Running Price : 19.065
Strategy : BUY at the level 19.065 stop loss at the level 18.825 target take profit at the level 19.705 or at the level 19.955
http://prntscr.com/3qfrfi
analysis for today 6 / 9 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle SILVER on the date 6 / 6 / 2014
OPEN 19.005
HIGH 19.160
LOW 18.850
CLOSED 18.980
The third resistance (R3) 19.160 - ( 18.997 - 18.850 = 0.147 x 2 = 0.293 )= 19.453
The second Resistance (R2) 18.997 + 19.160 - 18.850 = 19.307
First resistance (R1) 18.997 x 2 = 37.993 - 18.850 = 19.143
pivot points 19.160 + 18.850 + 18.980 = 56.990 / 3 = 18.997
Support for the first (S1) 18.997 x 2 = 37.99 - 19.16 = 18.833
Support second (S2) 18.997 - ( 19.160 - 18.850 = 0.310 ) = 18.687
Third Support (S3) 18.850 - ( 19.160 - 18.997 = 0.163 x 2 = 0.327 )= 18.523
pair- silver
chart analysis time frame- m30
http://i57.tinypic.com/2e64rqb.jpg
the price movement in the triangle chart pattern and its up movement is rejecting from the resistance at 19.14 level and the rsi indicator is giving overbought. if the price break support trend line at 19.00 then it will falling to the support at 18.50 level.
good luck