PaxForex

Analysis of SILVER 27.08.2019

COMEX:SI1!   Silver Futures
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 17.800
• Take Profit Level: 18.150 (350 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 17.500
• Take Profit Level: 17.400 (100 pips)



USDJPY
A possible short position in the breakdown of the level 105.55

GOLD
A possible long position at the breakout of the level 1536.00

USDCHF
A possible long position at the breakout of the level 0.9815

GBPUSD
A possible long position at the breakout of the level 1.2255

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