Overview The silver price shows slight bullish bias and approaches gradually from our first awaited target at 21.12. The price is supported by the EMA50, which increases the chances of breaching the mentioned level and opening the way to 22.00 followed by 22.40 levels on the short-term basis. Therefore, the bullish trend will remain valid […]
Technical outlook and chart setups: Silver has finally $20.80 levels yesterday as expected and discussed earlier. The metal is trading at $20.60 levels at this moment and looks to have completed its counter trend rally that began from sub $19.00/20 levels earlier. If the above wave count holds true and Silver fails to break above […]
Overview The silver price shows positive attempts now supported by the positive overlapping signal generated by stochastic. This reinforces bullish trend expectations for today; we are waiting for the price to test 21.12 levels initially as its breach will lead to further gains to 22.00. Therefore, we still expect the bullish bias in the upcoming […]
Technical outlook and chart setups: Silver has finally inched higher today as expected and hit fresh intraday highs at $20.80 level. The metal is trading a bit lower at $20.65 level at this moment and looks to have completed its counter trend rally that began from sub $19.00 level earlier. If the above wave count […]
Technical outlook and chart setups: Silver is seen to be trading at $20.55 levels for now, after having made highs at $20.65 levels earlier as expected. Please make note that Silver is soon approaching resistance at $20.80/90 levels and it is quite possible that the metal rallies through those levels before finally reversing lower. There […]
Overview The silver price showed some slight negative trades this morning testing the EMA50. Stochastic managed to gain positive momentum on intraday time frames supporting the chances of bouncing bullishly and resuming the expected bullish trend on the intraday and short-term bases. Therefore, we are waiting for positive trading in the upcoming sessions; targets will […]
Technical outlook and chart setups: Silver is seen to be trading at $20.25 levels for now, after having made highs at $20.50 levels earlier. Please make note that Silver is soon approaching resistance at $20.80/90 levels or it has already reversed from interim highs at $20.50 levels. There might be one last leg rally left […]
Overview The silver price managed to surpass 20.10 levels and closed the daily candlestick above it reinforcing the expectations for further rise to our next target at 21.12 in the upcoming sessions. Therefore, we still expect the bullish trend on the intraday and short-term bases supported by the EMA50 and conditioned by the price stability […]
Technical outlook and chart setups: Silver is seen to be trading at $20.38 levels for now, after having made highs at $20.45 levels earlier. Please make note that Silver had produced a huge bullish engulfing candlestick pattern right after hitting lows at $19.30 levels, indicating that the follow up rally has been in line with […]
Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5650 in a high volume. According to the 4H time frame, I found strength in the background. I found bullish outside bar formation and morning star formation, which are signs that selling looks risky. The price rejection from Fibonacci retracement 38.2% at 1.5555. […]
Overview Silver price is fluctuating around the EMA50. The price finds it difficult to surpass this barrier that gets support by stochastic negativity. This might cause some sideways fluctuation before turning back to resume the bullish bias. Therefore, we will continue to suggest the bullish trend on the intraday and short-term basis as long as […]
Technical outlook and chart setups: There is no structural change since yesterday. Silver is seen to be trading at $19.57 levels for now, after having bottomed out around $19.30 levels earlier. Please make note that Silver produced a huge bullish engulfing candlestick pattern right after hitting lows at $19.30 levels, indicating a potential reversal ahead. […]
General overview for 27/07/2016: The wave c of the corrective cycle in the wave b green looks completed now, and a new, upward structure might be currently in progress. To confirm this scenario, the market must break out above the highs at the level of 118.38 in an impulsive fashion. Otherwise the correction in the […]
Overview The silver price kept its stability above 19.35 levels after several tests of this level, accompanied by the bullish trend signals provided by stochastic on the four-hour time frame. The price is likely to resume the bullish trend that was stopped temporarily for some bearish correction after hitting the recent top at 21.12. A […]
Technical outlook and chart setups: Silver is seen to be trading at $19.60 levels for now, after having bottomed out around $19.30 levels yesterday. Please note that Silver produced a huge bullish engulfing candlestick pattern right after hitting lows at $19.30 levels, indicating a potential reversal ahead. The metal looks poised to rally from here […]
Overview Silver price is trading at the key support 19.35, which represents the 23.6% Fibonacci level for the rise measured from 13.75 to 21.08. Thus, holding above this level represents the key condition to the continuation of the recently suggested positive scenario and guarantees not extending of the correctional bearish wave on the short term […]
Technical outlook and chart setups: Silver is seen to be trading higher at $19.45 levels for now, after bottoming out around $19.35 levels during early trading hours today. The metal should be looking to rally from here towards at least $20.40/50 levels as depicted on hourly chart here. Bulls are expected to remain in control […]
The Dollar index remains in a bullish short-term trend with higher highs and higher lows and could soon confirm the breakout above 96.70 by breaking above 97.70 and confirming the bullish trend towards new highs. Blue lines – bullish short-term channel Red lines – long-term trading range The Dollar index is trading inside the bullish […]
Overview The silver price rebounded bearishly after the first test to the previously broken intraday trend line (turned into resistance now at 19.95) accompanied by the overbought signals that appear on Stochastic. This might push the price to test the key support base at 19.35 before turning back to resume the positive attempts. Until now, […]
Technical outlook and chart setups: Silver is seen to be trading higher at $19.75 levels for now, after bottoming out around $19.25 levels yesterday. The metal looks to be carving out a regular flat now, having tested $19.20/25 levels, and it should rally to produce a lower high ahead of $21.13 levels. Please note that […]
Overview The silver price shows positive trading now. We found out that yesterday’s decline stopped at the 23.6% Fibonacci level by measuring Fibonacci correction for the last rise from 13.75 to 21.08. This signals that the price has attempted to resume the main bullish trend. Therefore, we believe that the chances of positive trading on […]
Technical outlook and chart setups: Silver is seen to be trading lower at $19.25 levels for now, looking to form a bottom around $18.50/19.10 levels. The metal has dropped beyond our projection, but it looks to be forming a flat, and minimum expectations are below $19.00 levels. Please note that a meaningful top is already […]
EUR/GBP is showing a perfect corrective elliott wave structure after making 5 waves down. We now continue to play the rise up after an initial setback with our profit target at 0.8370 (fibonacci retracement + graphical resistance) and stop loss at 0.8300 (recent swing low + fibonacci projection). The RSI is displaying a bullish divergence […]
Technical outlook and chart setups: Silver is seen to be trading at $19.76 levels for now, looking to form an interim bottom soon. The metal can form the bottom between $19.50 and $19.70 levels before rallying higher. Please note that the expected rally could still be corrective in nature and prices should remain below $21.13 […]
Technical outlook and chart setups: Silver is seen to be trading $19.885 levels at the moment, looking to drop lower towards $18.50 levels going forward. The metal needs to push below $19.25 levels to accelerate lower since it is acting as an intermediary support for now. The structure indicates that Silver might have already formed […]
Technical outlook and chart setups: Silver is seen to be trading $19.885 levels at the moment, looking to drop lower towards $18.50 levels going forward. The metal needs to push below $19.25 levels to accelerate lower since it is acting as an intermediary support for now. The structure indicates that Silver might have already formed […]
Technical outlook and chart setups: Silver is seen to be trading $19.885 levels at the moment, looking to drop lower towards $18.50 levels going forward. The metal needs to push below $19.25 levels to accelerate lower since it is acting as an intermediary support for now. The structure indicates that Silver might have already formed […]
USD/JPY is expected to trade with a bullish bias. The pair managed to hold the upside and reached 106.33 this morning. While it is currently off that high, it is seeking support from the 50-period (30-minute chart) moving average. In fact, the 20-period moving average remains above the 50-period one, helping to maintain the bullish […]
NZD/USD is expected to extend its downside movement. The pair accelerated on the downside after it broke below its 20-period and 50-period moving averages. The declining 20-period moving average just crossed below the 50-period one and maintains the downside bias. The relative strength index broke below 30. On the forex front, the New Zealand dollar […]
Overview The silver price shows more sideways movements in tight ranges. A deeper look at the intraday time frames revealed that the recent trades are confined to a Bullish Pennant pattern shown on the minor image. Therefore, a breach of this pattern’s resistance at 20.35 will support the continuation of the main bullish trend. Therefore, […]
