Daily analysis of SILVER for August 27, 2015
August 27, 2015 3:30 pmVideo
Latest News
- What’s behind the US economy’s resilience? – Special Report April 11, 2024
- Technical Analysis – AUDUSD plummets in the US CPI aftermath April 11, 2024
- Technical Analysis – WTI oil pauses rally but remains supported April 11, 2024
- Market Comment – Dollar surges across the board on hot inflation data April 11, 2024
- EUR/USD and GBP/USD: Technical analysis on April 11 April 11, 2024
- Key events on April 11: fundamental analysis for beginners April 11, 2024
- Trading plan for GBP/USD on April 11. Simple tips for beginners April 11, 2024
- Trading plan for EUR/USD on April 11. Simple tips for beginners April 11, 2024
- Trading Signals for EUR/USD for April 11-15, 2024: buy above 1.0742 (0/8 Murray – rebound) April 11, 2024
- Crash on Wall Street: Inflation vs. Rate Cut April 11, 2024
- Forecast for EUR/USD on April 11, 2024 April 11, 2024
- Forecast for GBP/USD on April 11, 2024 April 11, 2024
- Forecast for USD/JPY on April 11, 2024 April 11, 2024
- Outlook for GBP/USD on April 11. The pound collapsed by 200 pips, but still remained flat April 11, 2024
- Outlook for EUR/USD on April 11. The buyers waved a white flag April 11, 2024
- The market rushed the Fed and was sorely mistaken April 11, 2024
- The June issue can be considered a closed case April 10, 2024
- Dollar spreads its wings April 10, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 10-15, 2024: sell below $69,000 (3/8 Murray – bullish wedge) April 10, 2024
- Is there a possibility of no Fed rate cuts this year? – Special Report April 10, 2024
Overview
Silver prices closed yesterday’s trading below 14.40 that confirmed a breakout of this level and opened the way to continue a bearish trend in the upcoming period, as our next targets are located at 13.55 followed by 12.80. Note that the current bearish wave is organized inside the bearish channel that we can see in the chart, supported by the EMA50. Take into consideration that breaching 14.85 followed by 15.50 will stop the expected bearish wave and push the price towards higher levels.
Silver price shows some slight bullish bias affected by stochastic positivity, as long as the price is moving below 14.84 and 15.50, our bearish scenario will remain valid and active waiting for a visit to the level of 13.55 and then 12.80 in the upcoming period.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: