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Long-term review

Exchange Rates 06.11.2015 analysis

Overview

According to the attached H4 chart, Silver price continues to move within a tight track around 15.00 level, while the stochastic loses its bullish momentum gradually to supported the chances of resuming the bearish trend as the bearish trend scenario is still valid as long as the price is below 15.40, supported by the EMA50. We remind you that breaking the 14.85 level will open the way to extend the bearish wave to reach 13.96 areas as a next main station.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Viele Grüße,
Analytiker: InstaForex Analyst
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