Daily analysis of Silver for November 22, 2016
November 22, 2016 2:29 pmVideo
Latest News
- Forecast for EUR/USD on April 23, 2024 April 23, 2024
- Forecast for GBP/USD on April 23, 2024 April 23, 2024
- Forecast for USD/JPY on April 23, 2024 April 23, 2024
- Outlook for GBP/USD on April 23. The pound resumed its decline without delay April 23, 2024
- Outlook for EUR/USD on April 23. Boring Monday went off without a hitch April 23, 2024
- Less reason to expect the dollar to weaken April 23, 2024
- The dollar is armed April 23, 2024
- GBP/USD: Simple trading tips for novice traders on April 22nd (US session) April 22, 2024
- EUR/USD: Simple trading tips for novice traders on April 22nd (US session) April 22, 2024
- GBP/USD: trading plan for the US session on April 22nd (analysis of morning deals). The pound continues to fall April 22, 2024
- EUR/USD: trading plan for the US session on April 22nd (analysis of morning deals). The euro will continue trading within April 22, 2024
- EUR/USD. April 22nd. Christine Lagarde’s speech will set the tone for the week April 22, 2024
- Technical Analysis – EURGBP brings bullish scenario back to the table April 22, 2024
- GBP/USD. April 22nd. The bulls continue to retreat April 22, 2024
- Can Australian CPI data lift the struggling aussie? – Preview April 22, 2024
- Meta reports Q1 earnings after new AI model – Stock markets April 22, 2024
- Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and US dollar index on April 22, 2024
- Technical Analysis – GBPUSD tumbles to 5-month low April 22, 2024
- Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on April 22nd April 22, 2024
- Video market update for April 22, 2024 April 22, 2024
Overview
Silver price opens today’s trading with clear bullish bias after failing to break the 16.56 level in the past days, This failure hints the strength of the mentioned level that represents 61.8% Fibonacci correction level. The rise measured from 13.75 to 21.22 provides positive chances to target the 17.43 level initially in the upcoming sessions. Therefore, we expect the bullish trend to dominate in the nearest term. This scenario is supported by stochastic positivity that appears on the four hours’ time frame. Breaching the 17.43 level will extend gains to 18.30 as the next main station. Breaking the 16.56 level will push the price to visit the next correctional level at 15.49. The expected trading range for today is between 16.56 support and 17.20 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: