Silver

[achyut]

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

[wench]

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.
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[BURHANFX]

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

[ralf]

We can see that the price of the XAGUSD chart we can see that the price is moving below the EMA indicator wave to make a bearish direction during the day Also the RSI indicator shows a sell signal which shows by the line going below the center line of 35 This can be combined with the data from the Macd indicator that is shown by the green lines that going down to indicate that the market bears are dominating on the market for now I think that you should think in going for bears until another buy signals appears on the chart by getting the price above the wave of the EMA indicators.
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[troykilson]

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 0.198 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 17.02 could be considered a good stop loss for if there were sell orders indicated by the indicators we are using.

[hatrik]

The momentum indicator shows a clear cross on the XAGUSD chart when the blue line heads below the red line to construct a very good selling signal for now On the Oracle Strength indicator a red color is shown and it is an indication for the bearish direction for the XAGUSD pair.
The red color of the arrows can be a confirmation for the downward direction at the Oracle direction indicator.
As a result of the previous indicators the Bearish trend would be appeared as the sell cross of the momentum indicator appears on the chart and the sell trades advised to be taken as the ATR indicator still showing a sell signals.
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[mary]

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.
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[maggie]

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 17.1 and the second when the super trend changes its color to green that means that the bearish trend has ended.

[achyut]

Daily forecast: SILVER 30 Oct. 2014.

Technical analysis for Daily forecast of SILVER 30 October, 2014. In Daily chart SILVER is flat. At present SILVER on the pivot point. It is important to break support or resistance levels to identify the trend.

Pivot: 17.113

Resistance levels

R1 17.237
R2 17.423
R3 17.547
R4 17.670

Support levels

S1 16.927
S2 16.803
S3 16.617
S4 16.430

[ANDRIAS]

http://prntscr.com/515xjt
analysis for today 10 / 30 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle SILVER on the date 10 / 29 / 2014
OPEN 17.175
HIGH 17.290
LOW 17.000
CLOSED 17.050

The third resistance (R3) 17.290 - ( 17.113 - 17.000 = 0.113 x 2 = 0.227 )= 17.517
The second Resistance (R2) 17.113 + 17.290 - 17.000 = 17.403
First resistance (R1) 17.113 x 2 = 34.227 - 17.000 = 17.227
pivot points 17.290 + 17.000 + 17.050 = 51.340 / 3 = 17.113
Support for the first (S1) 17.113 x 2 = 34.23 - 17.29 = 16.937
Support second (S2) 17.113 - ( 17.290 - 17.000 = 0.290 ) = 16.823
Third Support (S3) 17.000 - ( 17.290 - 17.113 = 0.177 x 2 = 0.353 )= 16.647