elliott flat correction up 23.48 it looks set for fains to 23.65 support at 22.13 and 21.76 abreak of will damage this bullish structure
support and resistances
res2 24.39
res1 23.65
pivot22.,50
sup1 21.,76
sup2 20.61
Thread: Silver
elliott flat correction up 23.48 it looks set for fains to 23.65 support at 22.13 and 21.76 abreak of will damage this bullish structure
support and resistances
res2 24.39
res1 23.65
pivot22.,50
sup1 21.,76
sup2 20.61
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we can see in the 1h chart
I see the pair will go to down way to 21.671
stochastic refers that the pair will go down
so our target sell from 105.36 and our target will 680pips
Good luck
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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.
I see the pair will go to up way to 27.732
stochastic refers that the pair will go up
so our target buy from 22.370 and our target will 5081pips
Good luck
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Silver analysis for 05.21.2013 by using pivot indicator.
r3: 26.782
r2: 24.973
r1: 23.912
pivot: 22.103
s1: 21.042
s2: 19.233
s3: 18.172
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Pivot levels today:
R3: 25.72
R2: 24.48
R1: 23.68
PP: 22.44
S1: 21.64
S2: 20.40
S3: 19.60
Comment: Price now is above the daily and weekly pivot levels, also it is above the 55 SMA, so more rising is expected.
Forecast: Price may rise to 24.48.
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SILVER (Spot) intraday: the bias remains bullish.
Pivot: 21.80
Our preference: LONG positions above 21.8 with 23.45 & 23.8 as next targets.
Alternative scenario: The downside breakout of 21.8 will open the way to 21.2 & 20.2.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up. The 50 moving average is turning up.
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Today i like to sell Silver @ 22.90 to 23.10 range
my stop loss of the day @ 23.33
half take profit @ 22.60
and half @ 22.34
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silver market analysis by using : average directional movement index
adx : 30.9219
+di : 15.5890
-di : 18.5558
timeframe : 1 hour
time : 0700
date : 21.05.2013
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