Silver is on a neutral 1D technical outlook (RSI = 45.485, MACD = -0.282, ADX = 24.810) as despite a straight downtrend since December 22nd 2023, it has registered three successive green 1D candles that pushed the price over the LH trendline of the December 4th 2023 High and the 0.382 Fibonacci retracement level. Technically, if the price stays over the LH...
SILVER - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long SILVER Entry - 22.145 Sl - 21.812 Tp - 22.876 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SILVER pair price action which suggests a high likelihood of a coming move down. ❤️ Please, support our work with like & comment! ❤️
Hi Traders! SILVER has broken its trendline resistance on the 1D chart. Here are the details: The market has found support around the 21.874 level, which is a previous swing low. Today's candle has opened above the trendline resistance and is currently on the 20 EMA. We are looking for a close above the trendline resistance and a momentum push above the 20...
Preferred direction: SELL Comment: According to the previous analysis, at the moment scenario №2 is activated for Silver , aimed at short. Here, we expect an approach to local support at the level of 22.00 . Most likely, in the near future, we will see updates to the local minima data where our current target is located. It should also be noted that...
Preferred direction: BUY Comment: For the Japanese yen , the buy-priority remains and, according to scenario №2 , we continue to be in long-deal. The main growth target remains at 150 . It is expected that most of the movement towards this target will be realized today, before the start of the weekend. Thank you for like and share your views!
Preferred direction: SELL Comment: The situation with the euro has not changed since our last review. Protracted accumulation continues at the level of 1.09000 . However, we continue to follow sell-priority. According to our later analysis (scenario #1 and #2) we expect a fall to 1.08000 . Also, in the longer term, we can consider a fall to 1.07000. On...
Preferred direction: SELL Comment: In the very near future, the New Zealand dollar is also expected to fall to 0.60144 , which we also wrote in the previous trading idea for this pair. More medium-term prospects look long, but for this, as we wrote, it is necessary to wait for a short-term fall. The resistance level of 0.61263 is unlikely to be overcome,...
Preferred direction: SELL Comment: Today, a number of important data are expected to be published. We will be especially interested in data from the USA , which is the most sensitive for the market. We continue to consider the AUDUSD currency pair for sale from the level of 0.65848 . According to the main scenario, sales are already active. The second...
Hello,Traders! SILVER went up to retest The falling resistance And we are seeing a Bearish reaction so I think that we will see A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Dear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various...
My dear subscribers, My technical analysis for SILVER is below: The price is coiling around a solid key level - 22.619 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 23.050 My Stop Loss -22.400 About Used Indicators: By the very...
My dear subscribers, This is my opinion on the SILVER next move: The instrument tests an important psychological level 22.275 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 22.895 My Stop Loss - 21.973 About Used Indicators: On...
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Falling Wedge as an Corrective Pattern in Short Time Frame with the Rejection from the Upper Trend Line. Completed " ABC " Corrective Waves and " 12 " Impulsive Waves. We have Break of Structure and Retracement
Preferred direction: BUY Comment: The previous trading idea for the yen is in progress. We are considering further purchases here. The main buy level is located at the level of 147.801. Everything is unchanged here and we expect to approach 150 exactly. It must be said that in the more medium term, the instrument will most likely trade above this...
Preferred direction: SELL Comment: Today, all targets set for silver have been closed. The same is now expected for gold . The immediate prospects for silver will most likely appear in the format of a re-test of the local minimum at level 22 , that is, the price will tend there. We highlight two scenarios for the proposed movement. It should be noted...
Preferred direction: BUY Comment: The Swiss currency is an outsider among the majors against the US dollar. This currency sank the most against the American currency. In addition, while some competitors of the US dollar were trying or were in the process of correction, this currency pair stood in a very narrow corridor. The bullish sentiment for this...
Preferred direction: BUY Comment: The shorter-term view for the USDCAD currency pair is directed upward. The US dollar is still strong, and further strengthening is expected this week. The most likely scenario is growth from current levels. Less likely is a retest of the support area at the 1.34000 level. The long target is located at the level of ...