empty
 
 
26.01.2016 06:00 PM
Daily analysis of Silver for January 26, 2016

This image is no longer relevant

Overview

The silver price is testing the 23.6% Fibonacci level at 14.25, approaching the sideways range resistance that is located at 14.40, accompanied by stochastic reaching the overbought areas. So the price might be pushed to trade negatively in the upcoming sessions. The price might head to test the mentioned range support at 13.65. Therefore, the sideways scenario will remain valid and active as long as the price is between the above-mentioned levels. Breaching the 14.40 level will lead the price to more bullish correction, the next main target of which is located at 15.30. However, breaking the 13.65 level represents the key to return to the main bearish trend, the first target of which is located at 13.00.

The expected trading range for today is between 13.80 support and 14.50 resistance.

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback