Silver

Silver will be bullish and continue to move much high ... waiting for good entry

http://prntscr.com/44uuwe
analysis for today 7 / 21 / 2014
SILVER (Daily Trade)
I think the movement is still in a bearish trend
replacement (38.2%) 20.889
Retracement (50%) 20.950
retracement (61,8%) 21.011

Extensions (61.8%) 20.369
Extensions (100.0%) 20.170
Extensions (138.2%) 19.971
Extensions (161.8%) 19.849
calculation based on a Fibonacci retracement then today I choose sell

http://prntscr.com/452k3t
analysis for today 7 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle SILVER on the date 7 / 21 / 2014
OPEN 20.825
HIGH 21.075
LOW 20.765
CLOSED 20.880

The third resistance (R3) 21.075 - ( 20.907 - 20.765 = 0.142 x 2 = 0.283 )= 21.358
The second Resistance (R2) 20.907 + 21.075 - 20.765 = 21.217
First resistance (R1) 20.907 x 2 = 41.813 - 20.765 = 21.048
pivot points 21.075 + 20.765 + 20.880 = 62.720 / 3 = 20.907
Support for the first (S1) 20.907 x 2 = 41.81 - 21.08 = 20.738
Support second (S2) 20.907 - ( 21.075 - 20.765 = 0.310 ) = 20.597
Third Support (S3) 20.765 - ( 21.075 - 20.907 = 0.168 x 2 = 0.337 )= 20.428

http://prntscr.com/4576wd
analysis for today 7 / 22 / 2014
SILVER (Daily Trade)
I think the movement is still in a bearish trend
replacement (38.2%) 20.883
Retracement (50%) 20.920
retracement (61,8%) 20.957

Extensions (61.8%) 20.573
Extensions (100.0%) 20.455
Extensions (138.2%) 20.337
Extensions (161.8%) 20.263
calculation based on a Fibonacci retracement then today I choose sell

http://prntscr.com/45f5gd
analysis for today 7 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle SILVER on the date 7 / 22 / 2014
OPEN 20.885
HIGH 21.035
LOW 20.655
CLOSED 20.895

The third resistance (R3) 21.035 - ( 20.862 - 20.655 = 0.207 x 2 = 0.413 )= 21.448
The second Resistance (R2) 20.862 + 21.035 - 20.655 = 21.242
First resistance (R1) 20.862 x 2 = 41.723 - 20.655 = 21.068
pivot points 21.035 + 20.655 + 20.895 = 62.585 / 3 = 20.862
Support for the first (S1) 20.862 x 2 = 41.72 - 21.04 = 20.688
Support second (S2) 20.862 - ( 21.035 - 20.655 = 0.380 ) = 20.482
Third Support (S3) 20.655 - ( 21.035 - 20.862 = 0.173 x 2 = 0.347 )= 20.308

http://prntscr.com/45jl65
analysis for today 7 / 23 / 2014
SILVER (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 20.890
Retracement (50%) 20.845
retracement (61,8%) 20.800

Extensions (61.8%) 21.270
Extensions (100.0%) 21.415
Extensions (138.2%) 21.560
Extensions (161.8%) 21.650
calculation based on a Fibonacci retracement then today I choose buy

http://prntscr.com/482e6b
analysis for today 7 / 31 / 2014
SILVER (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 20.586
Retracement (50%) 20.555
retracement (61,8%) 20.524

Extensions (61.8%) 20.846
Extensions (100.0%) 20.945
Extensions (138.2%) 21.044
Extensions (161.8%) 21.106
calculation based on a Fibonacci retracement then today I choose buy

pair- silver
chart analysis time frame- m30

http://i57.tinypic.com/seu23t.jpg

the price is falling down side with breaking the strong support at 20.45 level but hold at the 20.30 level. this is moving up and if move above the 20.55 level then it will be continue to the 21.00 level but this may again reject down side. if move below the 20.30 then make short entry with profit target at 19.80
good luck

A bearish trend is now active on the XAGUSD accordong to the down arrow as you can see on the other hand the Henkin Ashi shows a red candle which may be considered as a bearish signal . For more confirmation I used two indicators Snake and T3-Clean which they make a sell intersection between each other to confirm a bearish direction on the short term Also by taking a look on the trend session indicator you can see the red bars which indicated a propably of bearish trend for the current time For my own I am planning to sell the pair targeting the area of 20.24 which I indicate a strong support at this level http://imagizer.imageshack.com/img674/3959/eKSniy.png

pair- silver
chart analysis time frame- m30

http://i57.tinypic.com/2nv5eo5.jpg

the up movement is not able to break the resistance trend line at the 20.42 level and again falling down side. this is now moving below the daily pivot level 20.33 level and the rsi indicator is also turn down side. this may be again down side and hit the 20.00 level. short with the stop loss at 20.50

good luck