Midterm forecast:
16.55 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 15.95 on 08/01/2019, so more gains to resistance(s) 17.20, 18.10 and more heights is expected.
Price...
Midterm forecast:
15.60 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI bounced from the support #1 at 48 and it prevented price from more losses.
A trough is formed in daily chart at 14.89 on 07/05/2019, so more gains to resistance(s) 17.20, 18.10 and more heights is expected.
Price is above...
Here we can see a possible descending triangle formation. The structure could breakout to new highs. However, in the interim whilst US30 is making a bullish flag I expect a temporary downtrend within the triangle.
If there is negative news regarding the on-going trade war between the US and China, we could see these "safe haven" commodities make newer...
Silver markets rallied again during trading on wednesday reaching above the $17 dollar level during the U.S. market session. There is fear in the markets at the moment with three (3) Asian central banks cutting interest rates overnight (New Zealand, India and Thailand) which suggests this is a coordinated move. The global economy is certainly slowing down,...
Midterm forecast:
15.60 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI bounced from the support #1 at 48 and it prevented price from more losses.
A trough is formed in daily chart at 14.89 on 07/05/2019, so more gains to resistance(s) 16.20, 17.20, 18.10 and more heights is expected.
Price is...
Silver has definitely take off - but yes it's early days. And that's where you wanna be - early in any bull (or bear) run. Gold surprised 'everybody' recently, and many including myself, were left with their jaws on the floor! Silver is so far looking like it's likely to follow gold. The trouble now for new entrants on Silver, is in finding the right spot,...
Pretty self explanatory, awaiting retest of resistance before entering a Long position, Orders set in blue box for potential wicks below the current trend
TVC:SILVEROANDA:XAGUSDFX_IDC:XAGUSD
Trade idea
Silver - Intraday - We look to Buy at 15.10 (stop at 15.00)
Prices have continued the bullish move higher and resulted in 3 consecutive positive days.
Levels close to the 50% pullback level of 14.92 found buyers.
Previous resistance level of 15.15 broken.
Little net movement overnight.
This is positive for...
Trade Idea
Posted Mixed Daily results for the last 11 days.
The rally was sold and the dip bought resulting in mild net gains yesterday.
Price action has formed a bullish ending wedge formation.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
Bespoke support is located at 15.04.
Ichimoku cloud...
Midterm forecast:
While the price is above the support 14.80, beginning of uptrend is expected.
We make sure when the resistance at 16.20 breaks.
If the support at 14.80 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low.
A...
'Everybody' - well nearly everybody - has forgotten about Silver. Warren Buffet hasn't. Look, why are the big boys always ahead of the rest of the markets? Think!
In the screencast, I show how Silver is apparently itching for a breakout - in a similar way to Gold. If Gold pops above 1400 and stays above, expect big moves on Silver.
There are only three kinds...
Silver Prices have been followed for centuries. Silver (XAG) is a precious metal used in jewelry, silverware, electronics, and currency. Silver prices are widely followed in financial markets around the world. Silver has been traded for thousands of years and was once used for currency backing. Silver continues to be one of the most commonly traded commodities today. Silver prices are highly volatile due to speculation and supply and demand. Ag is the chemical symbol for silver on the periodic table of elements and its ISO currency symbol is XAG.
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