Silver

http://prntscr.com/51ak8q
analysis for today 10 / 30 / 2014
SILVER (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 17.179
Retracement (50%) 17.145
retracement (61,8%) 17.111

Extensions (61.8%) 17.469
Extensions (100.0%) 17.580
Extensions (138.2%) 17.691
Extensions (161.8%) 17.759
calculation based on a Fibonacci retracement then today I choose buy

On our XAGUSD pair today we can see that the price is taking a downward direction and that’s due to the red dots above the candles if the price kept its position lower than the strong resistance 17.54 which happens to be a weekly pivot level then I can assume that price would be taking a south direction till it reaches the weekly pivot support 16.92 .
On the other hand if the price penetrated the resistance at the level 17.54 and blue dots appeared indicating bullish signals then I can assume that the price will be taking a north direction till it reaches the resistance of the level 17.9 of the next Pivot level.
http://bigimage.cz/photos/20010112979256636157426.gif .

Daily forecast: SILVER 31 Oct. 2014.

Technical analysis for Daily forecast of SILVER 31 October, 2014. In Daily chart SILVER shows bearish trend. At present SILVER below the pivot point and going towards the 1st support level. If 1st support level breaks then next strong support level is 14.720.

Pivot: 16.657

Resistance levels

R1 16.993
R2 17.527
R3 17.863
R4 18.200

Support levels

S1 16.123
S2 15.787
S3 15.253
S4 14.720
Attachment 12124

As we can see in the XAGUSD chart the main trend is currently taking a down direction and that’s because of the position of the 5 and 6 EMAs which are below the 35 EMA and as a result taking sell positions is the right choice once I get the confirmation from the other indicators that the direction will be bearish .
The parabolic sar indicator shows that the price might be taking a downward direction according to the dots above the candles The MACD indicator is giving me a sell signal which is currently moving below the 0 level also the CCI line is performing a downward signal as is at the lower level.
As a conclusion to what I said earlier I do think that selling would be the best choice for now according to the EMA locations that of course unless the price gave a bullish signal instead.
http://bigimage.cz/photos/20010112979288399203323.gif .

According to the analysis made upon the XAGUSD chart today I do notice that a strong bearish trend is taking place based on the oscillator which is now at 0.176 area located below the balance level while at the same time the indicator is giving us a red signal which makes a strong indication that a bearish direction is taking place on the short term. The moving average 5 on the chart giving us a down slope the top located at the price 16.25 could be considered a good stop loss for if there were sell orders indicated by the indicators we are using. http://bigimage.cz/photos/20010112979288857126441.gif

On the XAGUSD chart you can see a bearish trend due to the red color of the super trend and it is the main indicator to know the price movement direction.
The Nonlong dot is colored in red and that is an indication for a sell signal.
The signals now are showing a strong bearish trend also the sell trades can take place as long as the signals remain showing the same trend direction.
When we talk to the stop loss area we can think about two ways to end first if the price reaches the resistance of 16.35 and the second when the super trend changes its color to green that means that the bearish trend has ended.
http://bigimage.cz/photos/20010112979289538138157.gif

On the XAGUSD pair we can see a bearish cross and it is active between the two EMA between 9 and 152 and that is an indication that the price may go south 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 below the level of 0 at the Guru angel indicator and there is a red color which indicate a bearish direction for now The price may go south to test the support at the point of 15.4 during the next hours that is why I recommend a sell positions if the indicator keep showing the same signals http://bigimage.cz/photos/20010112979291387169019.gif

http://www5.0zz0.com/2014/10/31/13/225977597.png



cci(14) : -129.49

bulls (13) : -0.475

i see the in pair down trend

so i will sell from : 15.995

and my target today is : 15.795

good luck

For the XAGUSD on 31/10/2014 the price is above the blue level of 16.04 that can be considered as the balanced point of MBFX indicator Also the vestro indicator has a bullish saturation as its last signal In this saturation the price may go down to the next MBFX level and the support is at 16.26 as the first sell target and it might continue to reach 16.39 the second support level for MBFX indicator In case that the price breaks 15.83 level after that it cancels the down direction and it is the right time to think in buy .
http://bigimage.cz/photos/20010112979293276165090.gif

Weekly forecast: SILVER 03-07 Nov. 2014

Technical analysis for weekly forecast for SILVER 03-07 Nov. 2014. In weekly chart SILVER shows bearish trend. At present SILVER below the pivot point and going towards the 1st support level. If 1st support level breaks then next strong support level is 12.885.

Pivot: 16.417

Resistance levels

R1 17.073
R2 18.032
R3 18.688
R4 19.345

Support levels

S1 15.458
S2 14.802
S3 13.843
S4 12.885
Attachment 12164