Despite a strong CPI Report, we see a nice recovery on Silver today along with Gold futures. We recovered slightly, consolidated into a bullish pendant and broke out for today's gains. Long term, I still see silver and gold as alternative currencies along with bitcoin.
Current trend is riding tightly over the 13EMA and crossed the 20/50 SMA
I held figuring it was going to hold a bullish trend, however I realized the strong correction the next trading day. As I analyze the chart, I can see that we're testing the 20MA on the daily chart and we're still remaining bullish on the 50 day MA. Looking at the interest in alternative currencies, I feel we can remain bullish after the correction. When I look at...
EURUSD Remains bullish on the larger timeframes. Riding nicely along a bullish support area breaking out of the 13ema. If this followa the common trend it could break out of the long term resistance channel on the bearish area.