empty
 
 
06.08.2015 05:07 PM
Technical analysis of Silver for August 06, 2015

This image is no longer relevant

Technical outlook and chart setups:

Silver is seen to be attempting a break above its 50 Day moving average around the $14.65 levels as seen here. A successful break here and subsequently the $15.00 levels, could confirm that a meaningful bottom is in place around the $14.40 levels. It is hence recommended to remain long for now with risk at the $14.25 levels. Immediate support is seen at the $14.40/50 levels followed by $14.00, $13.00 and lower, while resistance is seen at the $15.00 levels followed by $15.30, $15.90 and higher respectively. Current rally is still a pullback and can find resistance around the $15.30 levels.

Trading recommendations:

Remain long with stop at $14.25.

Good luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback