Technical analysis of Silver for April 06, 2015
April 6, 2015 1:10 pmVideo
Latest News
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
- Hot forecast for EUR/USD on April 19, 2024 April 19, 2024
- We’ve Donated Books in Vietnam for Children’s Day April 19, 2024
- Week Ahead – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Technical Analysis – GBPJPY range trading continues April 19, 2024
- Overview of the GBP/USD pair on April 19th. The Bank of England may lower the rate in May April 19, 2024
- Overview of the EUR/USD pair on April 19th. Jerome Powell crushed all euro growth prospects April 19, 2024
- Key events on April 19: fundamental analysis for beginners April 19, 2024
- Trading plan for GBP/USD on April 19. Simple tips for beginners April 19, 2024
- Trading plan for EUR/USD on April 19. Simple tips for beginners April 19, 2024
- Forecast for EUR/USD on April 19, 2024 April 19, 2024
- Forecast for GBP/USD on April 19, 2024 April 19, 2024
- Forecast for USD/JPY on April 19, 2024 April 19, 2024
- Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday April 19 2024. April 19, 2024
Technical outlook and chart setups:
Silver has been pushed through $17.20, just shy of $17.40 as seen here. The metal is forming a bearish engulfing candlestick pattern for now and is likely to be preparing to push lower towards the level of $16.00 soon. It is recommended to remain short for now with risk around $17.40/50. Bears should regain control untill prices remain below $17.40. Immediate support is seen at the level of $16.50 (interim) followed by $15.80, $15.30, and lower while resistance is seen at $17.40/50 followed by $17.80, $18.40/50, and higher respectively.
Trading recommendations:
Remain short, stop at $17.40/50, target at $16.00.
Good luck!
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: