It is not surprising to see that cycles for CAD are up - another correlated with silver currency. Check the related ideas to see all the details of the long silver idea. Longer term cycles are down into 2022 for this pair (Up for CAD) Short term cycle is down until March 3rd for this pair. Downside price target for the short term cycle low is 1.20 - a close above the trend will cancel the sell signal.
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the sell signal continues for this pair - since there was never a close above the trend line. Silver as well continues on a buy signal
Do you always guess when silver prices are going up by this graph ? what was your success rate ? example: 3/7 ....
CSInvestment
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@goncroque2000, No, I don't use this graph at all to "guess" the silver price.
I used this chart as an addition to my main related idea about silver to show an existing correlation between the metal and this currency and check if the cycles for both instruments conjunct and make it possible for silver to make a move higher. Meaning that this is just a visual representation and in no way can this be used to time deal entries in the silver market. Check the related ideas for more clarity.
I hope that I answered your question.