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Daily Forecast
Pair: SILVER
Major Trend: Bullish
Time Frame: H1
Reason: There is strong resistance at 16 390, which is also the third-resistant today. However, predicted the market will reach 16 015 before boarding
Recommendation: Buy the limit at 16 015
the pair and as we can see from the chart is trading now above the level of 16.23 , so when ever the pair success in breaking 16.23 , that's mean the down trend will be assured and the pair might head to 15.30 and then 15.10
despit the face the the 2 previous days the silver gain in some pips and is now trading at 16.190 far away from the support level of 15.420 the trend stillside ways movment and the price is trading between the support level at 15.420 and the resitance level at 18.472 the price is in the daily time frame trading under its moving average 100 and 50 and no ckear trend is on even on the weekly time frame.
the price is now trading between its daily pivot level at 16.015 and its daily reistance at 16.240 the hourly main indicators are bullish
pair- silver
time frame to analysis- m30
http://i57.tinypic.com/5jthfc.jpg
the price has been break the resistance trend line at the 16.22 level but the rsi indicator is moved above the level 70 and showing overbought. its may make some correction. hold the long entry with stop loss at 16.00
good luck
Silver failed to break MA100 last friday, and bounce up after it was touched MA100. Now silver move higher above daily pivot 16.17, I think it will likely to rise towards 17.10. However, if it back down under the pivot, silver will potentially fall towards 18.20 level.
pair- silver
time frame to analysis- m30
http://i58.tinypic.com/2ah6zpi.jpg
the silver price is up side with breaking the resistance but now correction side from the resistance at 16.87 level. lower side price having support at 16.60 level. if its move below the support then short with profit target at 16.00 and stop loss at 17.00
good luck
Daily Forecast
Pair: SILVER
Major Trend: Bullish
Time Frame: H4
Reason: There are areas that have not been corrected at 17 215. If the market is still strong it will retest in 17 348
Recommendation: Sell limit at 17 348/17 215 with a target of 16 851
I think 16.90 to 20.20 is the perfect place for buying Silver. Though its better to buy as lower price as possible to have better profits. But its a good place for those who has low balance for trading. Maybe my idea is wrong, but my experience is helping me to say like this.
pair- silver
time frame to analysis- m30
http://i61.tinypic.com/2nvqq29.jpg
the price is now making higher to high. the price break the resistance at 17.00 level but again rejecting down from the 17.10 level. if this is move below the 16.80 level then down movement can expected to the 16.17 level.
good luck
Daily Forecast
Pair: SILVER
Major Trend: Bullish
Time Frame: Daily
Reason: Seen RSI has begun memasuk overbought area. Chances market will go to 16 567, or 16 382, before rising again.
Recommendation: Sell with long-term targets at 16 567
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