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Exchange Rates 13.09.2017 analysis

Overview

Silver price continues to fluctuate sideways in a tight range. Besides, stochastic should get rid of its negativity clearly to approach from the oversold areas. This move means momentum that we are waiting for to make the price resume the overall bullish trend, which is organized inside the bullish channel. Therefore, the odds are that our first target at 18.30 will be touched as breaching it represents the key to rally towards 19.38 as the next main station. Let me remind you that holding above 17.43 represents the key condition to continue the bullish trend. The expected trading range for today is between 17.75 support and 18.00 resistance.

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

Performed by Hossam Soliman Ali,
Analytical expert
InstaForex Group © 2007-2017
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