empty
 
 
13.08.2015 04:40 PM
Daily analysis of SILVER for August 13, 2015

This image is no longer relevant

Overview

According to the attached H4 chart, Silver price shows a tight range-trading settled near 15.35 since morning, pointing that stochastic gets rid of its negativity and gains positive momentum gradually in the four-hour time frame to support the expectations of resuming the bullish trend for today, which targets the 16.05 level initially.Therefore, we will keep preferring the bullish trend unless breaking the 15.00 level and holding below it. In general, we will continue suggesting the bullish trend in the upcoming period as long as the price is above 15.00 as breaking this level will push the price to visit the key support 14.40 before detecting the next destination clearly. We expect that a trading range is between 15.00 support and 16.05 resistance for today.

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $6000 more!
    In December we raffle $6000 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback