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http://prntscr.com/3uy9kp
analysis for today 6 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle SILVER on the date 6 / 20 / 2014
OPEN 20.755
HIGH 20.945
LOW 20.545
CLOSED 20.830
The third resistance (R3) 20.945 - ( 20.773 - 20.545 = 0.228 x 2 = 0.457 )= 21.402
The second Resistance (R2) 20.773 + 20.945 - 20.545 = 21.173
First resistance (R1) 20.773 x 2 = 41.547 - 20.545 = 21.002
pivot points 20.945 + 20.545 + 20.830 = 62.320 / 3 = 20.773
Support for the first (S1) 20.773 x 2 = 41.55 - 20.95 = 20.602
Support second (S2) 20.773 - ( 20.945 - 20.545 = 0.400 ) = 20.373
Third Support (S3) 20.545 - ( 20.945 - 20.773 = 0.172 x 2 = 0.343 )= 20.202
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http://prntscr.com/3vor3w
analysis for today 6 / 23 / 2014
SILVER (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 20.792
Retracement (50%) 20.745
retracement (61,8%) 20.698
Extensions (61.8%) 21.192
Extensions (100.0%) 21.345
Extensions (138.2%) 21.498
Extensions (161.8%) 21.592
calculation based on a Fibonacci retracement then today I choose buy
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pair- silver
chart analysis time frame- m30
http://i58.tinypic.com/wgqgxd.jpg
the price movement can see in the channel pattern with the resistance at 20.90 and the support at 20.50 level. the rsi is moving to the overbought level 70 so again down movement can expected. short with the take profit at 20.30 and stop loss at 21.20
good luck
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http://s14.postimg.org/lnss8f3a9/bieela_2014_06_24.jpg
In this Tuesday, chances Silver will rise to 20,030 This is due to the Stoch indicator is clearly visible on Oversold position and has been expanding for the ride. it's a good sign to buy OP.
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http://prntscr.com/3vwodg
analysis for today 6 / 24 / 2014
SILVER
Resistance : R1 21.015 R2 21.515 R3 21.765
Support : S1 20.605 S2 20.105 S3 19.855
Open : 20.835
High : 20.855
Low : 20.765
Range : 90 Pips
Running Price : 20.775
Strategy : BUY at the level 20.775 stop loss at the level 20.605 target take profit at the level 21.515 or at the level 21.765
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http://puu.sh/9HDBu/c7f12228f0.png
to be honest I was never trade in silver, but I will try my best to analyze. it is clear that prices are ranging after a big move is likely to continue its movement, because when there is a large movement, we should not be doing counter entry. it is very dangerous. better to look for low buy orders
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Having dropped more than 200 pips in the Asian session earlier, Silver will most likely a slight correction to the level of 20 820. Then in the European and U.S. sessions will be continued on the decline to a level of 20,550 or even lower than that.
http://s14.postimg.org/fd1cx8675/bieela_2014_06_25.jpg
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http://prntscr.com/3wacd8
analysis for today 6 / 25 / 2014
SILVER
Resistance : R1 20.910 R2 21.410 R3 21.660
Support : S1 20.645 S2 20.145 S3 19.895
Open : 20.875
High : 20.895
Low : 20.660
Range : 235 Pips
Running Price : 20.840
Strategy : BUY at the level 20.840 stop loss at the level 20.645 target take profit at the level 21.410 or at the level 21.660
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http://prntscr.com/3y7x8b
analysis for today 7 / 1 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle SILVER on the date 5 / 30 / 2014
OPEN 20.925
HIGH 21.080
LOW 20.725
CLOSED 20.985
The third resistance (R3) 21.080 - ( 20.930 - 20.725 = 0.205 x 2 = 0.410 )= 21.490
The second Resistance (R2) 20.930 + 21.080 - 20.725 = 21.285
First resistance (R1) 20.930 x 2 = 41.860 - 20.725 = 21.135
pivot points 21.080 + 20.725 + 20.985 = 62.790 / 3 = 20.930
Support for the first (S1) 20.930 x 2 = 41.86 - 21.08 = 20.780
Support second (S2) 20.930 - ( 21.080 - 20.725 = 0.355 ) = 20.575
Third Support (S3) 20.725 - ( 21.080 - 20.930 = 0.150 x 2 = 0.300 )= 20.425
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http://prntscr.com/3yc1u1
analysis for today 7 / 1 / 2014
SILVER (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 20.944
Retracement (50%) 20.903
retracement (61,8%) 20.861
Extensions (61.8%) 21.299
Extensions (100.0%) 21.435
Extensions (138.2%) 21.571
Extensions (161.8%) 21.654
calculation based on a Fibonacci retracement then today I choose buy