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The last day a TOP is created by the zigzag indicator on XAGUSD pair it was at price 21.208 .
By the way when see the boolinger bands you can see the price located at the HIGHER level of it .
The 70 th level is now touched by the RSI line at value of 58 .
Also 63 is the current value of stostatic which it is line is near level 80 .
For my own idea about today I think remaining below 21.208 is a good selling area till new conditions are met .
http://img853.imageshack.us/img853/595/tf6h.jpg
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On the XAGUSD pair we can see a bullish cross and it is active between the two EMA between 9 and 152 and that is an indication that the price may go north in the next few hours .
The histogram indicator shows a red line and it is a signal that it is forming a bearish singal by being below the 0 level of histogram .
By checking the Market motion there is another red line and it is a sign for the price to start fall .
And the slope is moving above the level of 0 at the Guru angel indicator and there is a Green color which indicate a bullish direction for now .
The price may go north to test the resistance at the point of 21.14 during the next hours that is why I recommend a buy positions if the indicator keep showing the same signals .
http://img820.imageshack.us/img820/412/cguf.png
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According to the XAGUSD chart movement a bullish trend can be recognized by getting the blue color of golden tendency string indicator, also another sign for upward is appears on the golden finger indicator which shows a blue dot at the bottom of the chart to indicate a better chance for going north
And for more strength to the signal there are a blue candle for the golden super K indicator in the current time.
Now you can indicate a good bullish trend signal on MACD as you can find a buy cross over the level of 0 by now.
Also when you try to find the best resistance level that the price may face first then I think that the price 21.14 is a good area to consider it as strong resistance and then it’s a good place to use the take profit at.
Finally a look on the golden variety indicator will let you indicate that the indicator have a 3 up signals of a total of four to be a bullish signal to increase the chance of getting a strong upward trend.
http://img856.imageshack.us/img856/4605/5fsu.png
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When you take a look on the XAGUSD hourly chart you can see the price located at the Red level of TMA indicator which should act like a strong resistance to the price and then a bearish trend is more likely to happen this day .
Also you can see the Green lone of timing indicator which can be a good support to the buy direction and the line is near the 70 th level by now .
Now you can follow the buy signal shown via the Yellow and Pink point appears Below the price and use the red resistance of TMA as your target or you can close any buy orders by the opposite point appears .
http://img855.imageshack.us/img855/2250/n20wl.jpg
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http://prntscr.com/416kd2
analysis for today 7 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle SILVER on the date 7 / 9 / 2014
OPEN 21.000
HIGH 21.185
LOW 20.955
CLOSED 21.085
The third resistance (R3) 21.185 - ( 21.075 - 20.955 = 0.120 x 2 = 0.240 )= 21.425
The second Resistance (R2) 21.075 + 21.185 - 20.955 = 21.305
First resistance (R1) 21.075 x 2 = 42.150 - 20.955 = 21.195
pivot points 21.185 + 20.955 + 21.085 = 63.225 / 3 = 21.075
Support for the first (S1) 21.075 x 2 = 42.15 - 21.19 = 20.965
Support second (S2) 21.075 - ( 21.185 - 20.955 = 0.230 ) = 20.845
Third Support (S3) 20.955 - ( 21.185 - 21.075 = 0.110 x 2 = 0.220 )= 20.735
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http://prntscr.com/419wz5
analysis for today 7 / 10 / 2014
SILVER (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 21.097
Retracement (50%) 21.070
retracement (61,8%) 21.043
Extensions (61.8%) 21.327
Extensions (100.0%) 21.415
Extensions (138.2%) 21.503
Extensions (161.8%) 21.557
calculation based on a Fibonacci retracement then today I choose buy
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http://prntscr.com/41jxho
analysis for today 7 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle SILVER on the date 7 / 10 / 2014
OPEN 21.085
HIGH 21.535
LOW 21.030
CLOSED 21.360
The third resistance (R3) 21.535 - ( 21.308 - 21.030 = 0.278 x 2 = 0.557 )= 22.092
The second Resistance (R2) 21.308 + 21.535 - 21.030 = 21.813
First resistance (R1) 21.308 x 2 = 42.617 - 21.030 = 21.587
pivot points 21.535 + 21.030 + 21.360 = 63.925 / 3 = 21.308
Support for the first (S1) 21.308 x 2 = 42.62 - 21.54 = 21.082
Support second (S2) 21.308 - ( 21.535 - 21.030 = 0.505 ) = 20.803
Third Support (S3) 21.030 - ( 21.535 - 21.308 = 0.227 x 2 = 0.453 )= 20.577
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http://prntscr.com/41my6m
analysis for today 7 / 11 / 2014
SILVER (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 21.342
Retracement (50%) 21.283
retracement (61,8%) 21.223
Extensions (61.8%) 21.847
Extensions (100.0%) 22.040
Extensions (138.2%) 22.233
Extensions (161.8%) 22.352
calculation based on a Fibonacci retracement then today I choose buy
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http://prntscr.com/42howw
analysis for today 7 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle SILVER on the date 7 / 11 / 2014
OPEN 21.355
HIGH 21.460
LOW 21.315
CLOSED 21.410
The third resistance (R3) 21.460 - ( 21.395 - 21.315 = 0.080 x 2 = 0.160 )= 21.620
The second Resistance (R2) 21.395 + 21.460 - 21.315 = 21.540
First resistance (R1) 21.395 x 2 = 42.790 - 21.315 = 21.475
pivot points 21.460 + 21.315 + 21.410 = 64.185 / 3 = 21.395
Support for the first (S1) 21.395 x 2 = 42.79 - 21.46 = 21.330
Support second (S2) 21.395 - ( 21.460 - 21.315 = 0.145 ) = 21.250
Third Support (S3) 21.315 - ( 21.460 - 21.395 = 0.065 x 2 = 0.130 )= 21.185
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http://prntscr.com/42l74n
analysis for today 7 / 14 / 2014
SILVER (Daily Trade)
I think the movement is still in a bearish trend
replacement (38.2%) 21.370
Retracement (50%) 21.388
retracement (61,8%) 21.405
Extensions (61.8%) 21.225
Extensions (100.0%) 21.170
Extensions (138.2%) 21.115
Extensions (161.8%) 21.080
calculation based on a Fibonacci retracement then today I choose sell