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analysis for today 2 / 11 / 2015
SILVER
Resistance : R1 17.115 R2 17.615 R3 17.865
Support : S1 16.765 S2 16.265 S3 16.015
Open : 16.890
High : 17.015
Low : 16.865
Range : 0.150 Pips
Running Price : 16.965
Strategy : BUY at the level 16.965 stop loss at the level 16.765 target take profit at the level 17.615 or at the level 17.865
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Yesterday morning i also bough silver but ut didn't reached my target but able to cross above the 37levels and i closed with few pips of profit, i think this time silver break its resistanc level if you want to enter with buy order for long term then you never book loss you will earn a lot of pips....
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Midday update for Silver
Silver price trades with bearish bias now to break the bullish correctional channel’s support line again, reinforcing the expectations to decline for the rest of the day, waiting to test 16.05 level initially, reminding you that breaking this level will extend the bearish wave to reach 15.00.
We remind you with the importance of holding below 17.10 level to continue the bearish trend overview.
Expected trading range for today is between: 16.05 support and 17.50 resistance.
Expected trend for today: Bearish
---------- Post added 02-11-2015 at 06:49 AM ---------- Previous post was 02-10-2015 at 07:10 PM ----------
Silver negotiates the channels support
Silver price continues to fluctuate around the bullish correctional channels support, and the price remains under the negative pressure that comes from the EMA50, which supports the continuation of our intraday bearish trend expectations that its first main target at 16.05.
We remind you that the suggested decline depends on the stability below 17.10 level, where breaching this level will reactivate the bullish correctional trend, which its main targets begin at 17.95 then 18.80.
Expected trading range for today is between: 16.05 support and 17.50 resistance.
Expected trend for today: Bearish
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
forex ke trading main gold or silver ke trading bht zida best trading hai en main bht zida profit ho skata hai jab hum log ek big investment ke sath trading kren ge tu yeh bht zida best hai,
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Silver is facing an intraday resistance
Silver price still settled below 17.10 level, and the EMA50 forms negative pressure that supports continuing the bearish bias in the upcoming sessions, besides negative signals from stochastic on the daily time frame.
Therefore, we are waiting to visit 16.05 level initially, noting that breaching 17.10 level will stop the expected decline and push the price to return to the bullish correctional track again.
Expected trading range for today is between: 16.05 support and 17.50 resistance.
Expected trend for today: Bearish
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silver uptrend start by trying to test support at area16.75. Break down this area could bring down even further silver to next support line at 16.60. While the resistance area at 17.40.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Silver price didnt show any strong move since morning, to remain stable above 17.00 and the most important above 16.55, thus, no change on our positive overview for today, which its targets begin by breaching 17.95 level to open the way towards 18.80.
Expected trading range for today is between: 16.65 support and 18.20 resistance.
---------- Post added 02-10-2015 at 04:22 AM ---------- Previous post was 02-09-2015 at 08:50 AM ----------
update for Silver
Silver price shows clear positive attempts to begin testing the key resistance 17.10, and as we mentioned this morning, holding below this level keeps the bearish trend scenario valid for today, which its targets begin at 16.05 and extend to 15.00.
Stochastic positivity interprets the reasons of the current rise, while the EMA50 forms negative pressure that supports the suggested decline.
Expected trading range for today is between: 16.05 support and 17.10 resistance.
Expected trend for today: Bearish
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
you from india?
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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