The leading miner Fresnillo holding 56% with MAG Silver holding the remaining 44% and the project is fully funded into commercial production, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#188144 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: […]
Overview The silver price has not shown any strong moves for days as it continues fluctuating around 20.25 levels and keeping its positions above the 20.00 barrier. The positive effect of the previously completed inverted Head and Shoulders’ pattern still valid and active, waiting to get enough positive momentum to make the price resume the […]
Since the Brexit vote, we have seen some interesting price action unfold with various assets. With global/Euroland uncertainty, investors have been flocking to what they feel are the safe havens until things get sorted out overseas. Typically, precious metals and the Dollar Index move in opposite directions. This means that if the dollar rises, metals […]
New mining after redevelopment shall start in Q1-2017 with a profitable annual production of 75,000 ounces gold at cash cost of 759 USD/ounce gold and an IRR of 41.5%, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#188151 Смотрите […]
Overview The silver price keeps fluctuating within a tight track above 20.00 levels, while the EMA50 continues providing support to the price from below, which keeps the bullish trend scenario valid for the upcoming period. Stochastic is likely to provide a positive signal on the four-hour time frame. Our main awaited targets reach to 22.00 […]
Good news from the mining world including Brazil Resources with a new resource estimate for the their Alaska properties and Endeavour Silver buying their 4th production site El Compas from Oro Silver Resources, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy […]
Overview The silver price shows slight positive trades steadily above 20.00 levels as stochastic provides a positive signal on the four-hour time frame, which is likely to make the price continue the bullish trend in the upcoming period; it was affected by the completion of the inverted head and shoulders’ pattern previously. The EMA50 keeps […]
Technical outlook and chart setups: Silver is seen to be trading at $20.36 levels, a bit lower than yesterday. The metal could be looking to form a base around $19.70/80 levels before rallying further. The wave structure indicates that the metal is probably in its final leg (rally) before turning lower. The final push could […]
Technical outlook and chart setups: Silver hit fresh highs at $21.20/30 levels in the first week of July 2016 and has been trading lower since then. The metal made lows at $19.20 levels last Friday and is seen to be trading at $20.55 levels at the moment. Please note that potential still remains for a […]
Overview Silver price returns to fluctuate negatively to move below the 0.00 level. Taking a deeper look at the chart, we find that the price is facing potential negative formation shown on the minor image. This pattern’s confirmation line is located at 19.50, thus, breaking this level might push the price to test the most […]
Overview The silver price traded steadily above 20.00 levels yesterday to reinforce the expectations of further upside on the intraday and short-term bases. We are waiting for the price to resume the bullish bias, which next targets are located at 22.00 then 22.40. The price needs to gain enough positive momentum to reach the mentioned […]
Technical outlook and chart setups: Silver had pushed through $21.15 level earlier before pulling back lower. The metal is seen to be trading at $20.15 level at the moment, looking to resume lower from here. Looking into the wave structure, the metal might have completed an impulse (5 waves) rally from $13.60 through $21.15 levels […]
Overview The silver price has been trading around 19.90 since yesterday after finding a solid resistance at 21.10, which means the price needs to get enough positive momentum to resume the main bullish trend that is affected by the completion of the inverted head and shoulders’ pattern seen on the chart. Until now, our bullish […]
USD/JPY is under pressure and expected to persist its downside movement. On Tuesday U.S. stocks halted their recent winning streak which spanned the prior four sessions as fears that Britain’s exit from the European Union would drag global growth resurfaced. The Dow Jones Industrial Average fell 0.6% to 17840, the S&P 500 dropped 0.7% to […]
Bullish persistence above 0.6550 (the depicted support) was necessary to keep the price moving towards higher bullish targets. In February and March, signs of bearish rejection (triple-top reversal pattern) were expressed around the price level of 0.6750 until April when a bullish breakout above 0.6750 and 0.6860 was executed. Later on May 6, daily candlestick […]
GBP/JPY is under pressure and expected to trade in a lower range. On Tuesday, U.S. stocks halted their recent winning streak, which spanned the prior four sessions as fears that Britain’s exit from the European Union would drag global growth resurfaced. European stocks were broadly weaker, with the Stoxx Europe 600 declining 1.7%. However, the […]
On May 16, a bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. However, a lack of significant bearish rejection was manifested during recent consolidations. On May 18, temporary bullish fixation above 1.3000 (61.8% Fibonacci level) opened the way towards the 1.3180 level where significant […]
Since January 2016, bullish persistence above 1.4500 was mandatory to maintain enough bullish strength in the market. However, the previous weekly candlesticks maintained their bearish persistence below the depicted weekly supply zone (below 1.4470), which allowed further bearish decline to occur. The prominent demand level located at 1.3845 (historical bottom that goes back to March […]
In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010. Hence, a long-term bearish target was projected towards 0.9450. In March 2015, the EUR/USD bears challenged the next monthly demand level around 1.0570, which had been previously reached in […]
Recently, EUR/NZD has been moving upwards. As I expected, the price tested the level of 1.5596 in a high volume. The price reached our take profit level from yesterday at 1.5550. According to the 30M time frame, I found weakness at the price of 1.5595, which is a sign that buying at this stage looks […]
Overview The silver price ended yesterday’s trading above the 20.00 barrier to build a new support base above this level that reinforces the continuation of the bullish trend scenario on the short- and mid-term bases. Besides, the EMA50 continues providing support to the price from below, and the price is likely to head towards 22.00 […]
Overview The silver price has been trading sideways since morning. Meanwhile, stochastic begins to overlap positively on the intraday time frames, supporting the chances of resuming the main bullish trend that is forming within the bullish channel shown in the image. We are waiting for the price to test the 18.63 level that represents our […]
On May 16, a bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. However, a lack of significant bearish rejection was manifested during recent consolidations. On May 18, temporary bullish fixation above 1.3000 (61.8% Fibonacci level) opened the way towards the 1.3180 level where significant […]
Bullish persistence above 0.6550 (the depicted support) was necessary to keep the price moving towards higher bullish targets. In February and March, signs of bearish rejection (triple-top reversal pattern) were expressed around the price level of 0.6750 until April when a bullish breakout above 0.6750 and 0.6860 was executed. Later on May 6, daily candlestick […]
Recently, EUR/NZD has been moving sideways at the price of 1.5600. According to the 30M time frame, I found responsive reaction from sellers at the price of 1.5705, which confirmed a supply trend line. Using market profile I found that price broke yesterday’s point of control at 1.5600. I am expecting lower price. The first […]
Since January 2016, bullish persistence above 1.4500 was mandatory to maintain enough bullish strength in the market. However, the previous weekly candlesticks maintained their bearish persistence below the depicted weekly supply zone (below 1.4470), which allowed further bearish decline to occur. The prominent demand level located at 1.3845 (historical bottom that goes back to March […]
In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010. Hence, a long-term bearish target was projected towards 0.9450. In March 2015, the EUR/USD bears challenged the next monthly demand level around 1.0570, which had been previously reached in […]
Technical outlook and chart setups: Silver is seen to be trading at $17.60/70 levels at this moment, after easing out from $18.30 levels last week. The metal has been drifting sideways since then in a dropping wedge format. The immediate wave structure indicates that Silver is trading above its trend line support for now and […]
Technical outlook and chart setups: Gold had rallied through $1,358.00 level last week, a relatively less probable move. The metal is seen to be trading at $1,316.00 levels at this moment, drifting sideways since last Friday. The wave structure indicates that Gold might have produced a bottom at $1,200.00 level now, and should be looking […]
Gold continues to consolidate sideways. I expect this consolidation to break to the upside towards new highs soon. There is a triangle being formed, and we will have a clear picture of the breakout when it occurs. Green lines – triangle pattern Gold is trading inside the triangle pattern with support at $1,308 and resistance […]
