FXHighway
Long

Silver gets a positive pattern

FX:XAGUSD   Silver / U.S. Dollar
89 0 0
Target: 20.55
Risk: 15.70

Technical Reasons:

The completion of an inverted head and shoulders’ pattern and a successful retest to the breached neckline, waiting to resume the intraday bullish wave.

This pattern supports the continuation of moving inside the ascending channel that carries the price since the beginning of November 2014, and the price might be forced for some fluctuation affected by stochastic current negativity.

Breaching the exponential moving average 50 - that forms intraday resistance now at 17.45- will offer strong positive motive for the bullish outlook.


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