Spoiler:
daily forecast
Pair: SILVER
Major Trend: Bullish
Time Frame: H4
Reason: Market has been rejected in the first support at 16 559. Furthermore, the market will go back to retest 17 034
Recommendation: Buy with a target of 17 034
Thread: Silver
daily forecast
Pair: SILVER
Major Trend: Bullish
Time Frame: H4
Reason: Market has been rejected in the first support at 16 559. Furthermore, the market will go back to retest 17 034
Recommendation: Buy with a target of 17 034
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Daily Forecast
Pair: SILVER
Major Trend: Bullish
Time Frame: H1
Reason: Possible market will still go to the fibo 61.8 or 50 around the pivot point at 16 817. After that the market will go to 17,169.
Recommendation: Buy the limit at 16 817
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pair- silver
time frame to analysis- m30
the up movement of the price is not able to break the resistance 17.05 level and lower side hold at the support 16.85 level. the rsi is toward the overbought level 70. short at the 16.80 with profit target at 16.37 and stop loss at 17.25
good luck
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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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pair- silver
time frame to analysis- m30
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
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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.
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.
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
Last edited by ducd3vaizo; 2015-03-23 at 09:29 PM.
pair- silver
time frame to analysis- m30
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
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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.
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pair- silver
time frame to analysis- m30
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
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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