Technical analysis of Silver for September 21, 2015
September 21, 2015 1:50 pmVideo
Latest News
- Analysis of GBP/USD pair on May 2nd. The final chord for the dollar May 2, 2024
- Analysis of EUR/USD pair on May 2nd. The market calmly responded to the FOMC meeting May 2, 2024
- Technical Analysis – GBPJPY returns to pre-intervention levels May 2, 2024
- JPY terrifies traders May 2, 2024
- Fed makes tough decision May 2, 2024
- USD/JPY: Simple trading tips for novice traders on May 2nd (US session) May 2, 2024
- GBP/USD: Simple trading tips for novice traders on May 2nd (US session) May 2, 2024
- EUR/USD: Simple trading tips for novice traders on May 2nd (US session) May 2, 2024
- GBP/USD: trading plan for the US session on May 2nd (analysis of morning deals). The pound was pushed below 1.2521 May 2, 2024
- EUR/USD: trading plan for the US session on May 2nd (analysis of morning deals). Euro bought around 1.0700 May 2, 2024
- EUR/USD. May 2nd. US statistics disappoint once again May 2, 2024
- Technical Analysis – EURUSD capped by 20-day SMA as rebound falters May 2, 2024
- Forex forecast 05/02/2024: EUR/USD, USD/JPY and Gold from Sebastian Seliga May 2, 2024
- USD/JPY: trading tips for beginners for European session on May 2 May 2, 2024
- GBP/USD: trading tips for beginners for European session on May 2 May 2, 2024
- EUR/USD: trading tips for beginners for European session on May 2 May 2, 2024
- Market Comment – Dollar slides as Powell rules out rate hikes May 2, 2024
- RBA decision: will a rate hike be back on the table? – Preview May 2, 2024
- Video market update for May 02, 2024 May 2, 2024
- Technical Analysis – Bullish pressure in AUDUSD lingers May 2, 2024
Technical outlook and chart setups:
Silver had rallied through $15.40 levels last week, threatening the bearish setup established earlier. The metal remained just shy from $15.60 and pulled back. It cpuld tocontinue dropping towards $14.75 before turning bullish again. It is hence recommended to exit short positions at $14.75 and turn bullish on a bounce there. Immediate support is seen at $14.25 followed by $14.00, $13.00, and lower while resistance is seen at $15.60 followed by $16.40, $17.50, and higher respectively. A break of $15.60 would be a confirmation for a potential reversal.
Trading recommendations:
Exit short positions at $14.75, stop is at $14.00, a target is open.
Good luck!
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: