GBP/JPY is expected to continue its upside movement. The pair is being consolidated and remains above its horizontal support at 143.00. The 20-period moving average is firmly above the 50-period moving average, and the relative strength index is also above its neutrality area at 50, lacking downward momentum. The upside bias remains intact. As long […]
GBP/JPY is expected to continue its upside movement. The pair is being consolidated and remains above its horizontal support at 143.00. The 20-period moving average is firmly above the 50-period moving average, and the relative strength index is also above its neutrality area at 50, lacking downward momentum. The upside bias remains intact. As long […]
Overview Silver price managed to reach the bullish channel’s support while stochastic touched the oversold levels. We expect this factor to make the price resume the overall bullish trend after the temporary decline that was setting the tone for the trade yesterday. Therefore, we believe there are still odds of bouncing higher in the short […]
Overview Silver is trading with a slight bearish bias in an attempt to head for our downward target at 17.43. This keeps our bearish scenario valid for the short term. Let me remind you that we are waiting for a bullish rebound after hitting the mentioned level to resume the bullish trend in the short […]
Overview Silver price broke the intraday bullish channel’s support, which forms a negative factor that is expected to push the price to test 17.43 before turning back to rise again. Therefore, the bearish bias is suggested temporarily. We are waiting for a bounce to resume the main bullish trend. The main target is seen at […]
Overview Silver price keeps its stability above the intraday bullish channel’s support. The price still needs to breach 18.30 level to confirm the continuation of the bullish trend on the intraday and short-term basis. In other words, the price needs to surpass the negative pressure that was formed by the EMA50 to ease the bearish […]
Price has dropped to our buying level as expected and started to bounce up again. We remain bullish looking to buy on dips above 0.6985 support (Fibonacci retracement, horizontal overlap support) for a further push up to 0.7092 resistance (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above the 3.9% […]
Price is now testing major support at 81.79 (Fibonacci extension, horizontal support, bullish divergence) and we expect to see a bounce above this level to at least 82.89 (Fibonacci retracement, horizontal overlap resistance). Stop loss is at 81.30 because it is a Fibonacci extension level based on Elliott Wave theory. Stochastic (34,5,3) is seeing strong […]
EUR/GBP bearish impulsive movement came to a pause after reaching the support of 0.8330. Since yesterday, EUR has somehow managed to protect the support of 0.8330 with some bullish pressure. Today, mixed economic reports were released in the eurozone. German PPI was decreased to 0.0% which was expected to be at 0.2%, EUR Consumer Confidence […]
Recently, the Silver has been trading sideways at the price of 18.40. According to the 1H time frame, I found that price has broken the upward channel, which is a sign that buying looks risky. There is also a hidden bearish divergence on the moving average oscillator, which is another sign of weakness. My advice […]
Recently, the Silver has been trading upwards. The price tested the level of 18.75. According to the 4H time frame I found that price is trading in the well defined upward channel. The median trend line is critical. The key support is set at the price of 18.48. Watch for potential buying opportunities. The first […]
Overview Silver price has been hovering near 18.30 since morning. The price needs to gain enough momentum to continue the main bullish trend. So, the positive scenario is active for today, trading is organized within the bullish channel that the metal has been following since the end of the last year. Therefore, the bullish bias […]
Recently, silver has been trading sideways at the price of 18.06. On the 1H time frame, I found that price has broken the upward channel in the background which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. Downward targets are set at the price of 17.52, 17.30 […]
Overview The silver price shows slight bearish bias in its way to continue the decline and test the critical support at 17.43. We prefer the bearish trend scenario in the upcoming sessions on the stability of the price below 18.30. The expected decline is temporary, where a breach of 18.30 represents the key of regaining […]
Overview Silver price keeps fluctuating near 18.30 level and it gets good positive support from the EMA50. Notice that stochastic provides positive overlapping signal that we wait to motivate the price to breach the mentioned level then opening the way towards the extension of the bullish wave on the short-term basis. In general, we keep […]
The price is now testing major resistance at 1.0068 (horizontal pullback resistance, Fibonacci retracement, and bearish divergence) and we expect a drop to at least 0.9973 support (Fibonacci retracement, bearish divergence potential). Stochastic (34,5,3) is seeing strong resistance below the 91% level and bearish divergence vs. the price signaling a major reversal is impending. Sell […]
We remain bullish above support at 110.27 (Fibonacci extension, horizontal swing low support, and ascending support) for a push up to 111.45 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support at 6% and is about to bounce off it. Buy above 110.27. Stop loss is at 110.02. Take profit is at […]
Overview Silver managed to reach our first main target at 18.30, showing some bearish bias. Now it is fluctuating around 18.00 barrier. Notice that stochastic gets rid of its negativity to enter the oversold areas now, which supports the chances of resuming the bullish trend in the upcoming sessions. The price needs to breach 18.30 […]
Overview Silver price has been fluctuating within the tight range since morning; the price settled above 18.00 barrier. Therefore, there is no change on the suggested bullish trend in our last reports, which depends on the stability above 17.43 and 17.10 levels. At the same time its targets begin by surpassing 18.30 level to open […]
Overview Silver price fluctuates within sideways track settled above 18.00 level, while stochastic begins to provide positive overlapping signal on the 4-hour time frame, keeping the bullish trend preferred in the upcoming period. Wait for breaching 18.30 level to open the way towards 18.90. In general, we will keep the expected rise valid conditioned by […]
Overview Silver price managed to surpass 18.00 barrier and settled above it, which supports the continuation of the bullish trend scenario on the intraday and short-term basis, waiting for testing 18.30 level initially. That points that breaching this level will push the price to visit the bullish channel’s resistance that located at 18.90. The price […]
We remain bearish below 0.7065 resistance (Fibonacci retracement, Fibonacci extension) where we expect a drop to at least 0.6968 support (Fibonacci retracement, recent swing low support). Stochastic (21,5,3) sees major resistance at 95% where we expect a similar and corresponding drop from. Sell below 0.7071. Stop loss is at 0.7113. Take profit is at 0.6968. […]
The price is right above major support at 83.77 (Fibonacci retracement, horizontal swing low support) where we expect a bounce from to at least 85.22 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing strong support above the 7% level and also displays bullish divergence versus the price. Buy above 83.77. Stop loss is […]
Overview Silver price trades with clear positivity now to approach from 18.00 barrier to keep the bullish trend valid efficiently in the upcoming period. We remind you that our initial main target is at 18.30 and breaching it represents the heading key to the bullish channel’s resistance that organizes the current bullish wave at 18.85. […]
Overview Silver price trading settles above 17.43 level that forms an important support base for the intraday trading. The price remains organized within the bullish channel. It waits for resuming the bullish wave according to the trading rules within the price channels. The main targets begin at 18.30 and extend to 18.80. In general, we […]
Overview Silver is trading upwards after leaning on the EMA50, waiting to breach above the 17.43 level and head towards our next target at 18.30. Therefore, the bullish trend scenario will remain valid and active on the intraday and short-term basis unless breaking 16.85 followed by 16.56 levels and holding below them. The expected trading […]
Overview Silver price has settled at the bullish channel’s support, while stochastic keeps moving in the oversold area. Therefore, there is the chance for resuming the bearish bias in the upcoming sessions. We keep the bullish scenario valid and active until now, targeting 17.43 level as the next main station. The price needs to shrug […]
Overview Silver price returned to test the bullish channel’s support that appears in the above chart and keeps its stability above this level to reinforce the chances for bouncing higher and resuming the bullish trend on the intraday and short term basis, targeting testing 17.43 level initially. Therefore, our bullish expectations will remain valid for […]
Price has shot up and reached selling level as expected. We remain bearish below 87.04 resistance (Fibonacci retracement, descending resistance, recent swing high resistance) for a push down to 85.96 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance below the 97% level. Sell below 87.04. Stop loss at 87.50. Take […]
Price has shot up and is approaching our profit target. We remain bullish looking to buy on weakness above 0.7549 support (Fibonacci retracement, horizontal support) for a further push up to 0.7632 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (55) sees a bullish exit made signalling a change in momentum to bullish. Buy above 0.7549. […]
