Thread: Silver
pair- silver
time frame to analysis- m30
the price is making double bottom chart pattern at the support at 16.30 level and break the nick line of resistance at at 16.55 level. the price is also making a pull up setup. hold the long entry with profit target at 17.10 and stop loss at 16.30
good luck
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Daily Forecast
Pair: SILVER
Major Trend: Bullish
Time Frame: H1
Reason: Market managed to reject in the resistance 1, and since the market has turned around at the time between the second and third resistance, the current market leading to 16 752
Recommendation: Buy
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Midday update for Silver 18/02/2015
The tight range controls silver price’s trading since morning, where it fluctuates around 16.45 level, in general, holding below 17.10 level keeps our bearish trend expectations valid for today, supported by the EMA50, reminding you that breaking 16.05 level will confirm opening the way towards 14.40.
Expected trading range for today is between: 15.60 support and 17.10 resistance.
Expected trend for today: Bearish
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Daily Forecast
Pair: SILVER
Major Trend: Bearish
Time Frame: H1
Reason: Looks market can not be touched again the support area at 16 282, and then the market will go to 16 683. Powered by BB indicator increasingly converging.
Recommendation: Buy
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pair- silver
time frame to analysis- m30
the down movement of the price is not able to break the support at 16.25 and price is again up side with rsi. this may be as correction movement. if its again move below the 16.20 then short with profit target at 15.80 and stop loss at the 16.50
good luck
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Silver declines again – Analysis - 18/02/2015
Silver price closed yesterday’s trading below the bullish correctional channel’s support, which confirms the continuation of the bearish bias in the upcoming period, and the price is under negative pressure that comes from the EMA50, which makes us prefer witnessing more downside moves on the intraday basis, and the first target is testing 16.05 level, where breaking this level represents an extension key for the bearish wave to 14.40.
In general, the bearish trend will remain valid and preferred unless breaching 17.10 level and holding above it.
Expected trading range for today is between: 15.60 support and 17.10 resistance.
Expected trend for today: Bearish
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analysis for today 2 / 18 / 2015
SILVER
Resistance : R1 16.665 R2 17.165 R3 17.415
Support : S1 16.250 S2 15.750 S3 15.500
Open : 16.485
High : 16.500
Low : 16.415
Range : 0.085 Pips
Running Price : 16.435
Strategy : SELL at the level 16.435 stop loss at the level 16.665 target take profit at the level 15.750 or at the level 15.500
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Silver gets a positive momentum – Analysis - 17/02/2015
Silver price shows weak trading approaching from the bullish correctional channel’s support, accompanied by stochastic gaining clear positive momentum on the four hours time frame, which supports the chances of bouncing to the upside to resume the intraday bullish bias, as we are waiting to test 17.95 then 18.80 levels mainly.
Note that breaking 17.10 level will put the price under the negative pressure again, to stop the bullish correctional trend then heading towards 16.05 initially.
Expected trading range for today is between: 16.95 support and 17.95 resistance.
Expected trend for today: Bullish
---------- Post added at 08:00 PM ---------- Previous post was at 07:54 PM ----------
Midday update for Silver 17/02/2015
Silver price declined clearly to break the critical support at 17.10 and closes four hour candlestick below it, which stops the positive suggested scenario in our last reports, and leads the price to a preferred decline in the upcoming period, waiting for targeting 16.05 level initially.
Therefore, the bearish bias will be expected for the rest of the day as long as the price is below 17.10 level.
Expected trading range for today is between: 16.05 support and 17.50 resistance.
Expected trend for today: Bearish for the rest of the day
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pair- silver
time frame to analysis- m30
the price is having strong resistance at 17.37 and again rejecting down side. its may be continue falling to the lower support at 16.50 level and then again up movement can expected as the rsi is moving below the level 30. long at 16.50 with stop loss at 16.10 and profit target 17.30
good luck
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analysis for today 2 / 17 / 2015
SILVER
Resistance : R1 17.415 R2 17.915 R3 18.165
Support : S1 17.060 S2 16.560 S3 16.310
Open : 17.260
High : 17.310
Low : 17.165
Range : 0.145 Pips
Running Price : 17.190
Strategy : SELL at the level 17.190 stop loss at the level 17.415 target take profit at the level 16.560 or at the level 16.310
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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