InstaForex InstaForex

Forex Analysis: 4 Apr 2012, 09:47 UTC+00

SILVER Intraday Technical Analysis


Show full picture
 

 

Silver is currently testing the intermediate support of its medium term bullish channel at 32.20 suggesting a rebound. However, a break of these levels will entail a return to the lower limit of this one to 31.20.
Technical indicators provide buy-signals supporting the assumption of a rebound in the short term. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
According to previous events, the market indicates a bullish opportunity at 32.20 with the 1st objective of 32.80, then 33.00. A break through 32.00 will change the plan.




 


fitoussi
fitoussi
Performed by
analytical expert: Albert Fitoussi
InstaForex Group © 2007-2017
 Published: 4 Apr 2012, 09:47 UTC+00

 
Recommend: Forex Analytics
 
Daily analysis of major pairs for August 21, 2017
21 Aug 2017, 13:30 UTC+00   
Views today 2400
Global macro overview for 21/08/2017
21 Aug 2017, 12:14 UTC+00   
Views today 2359
USD/JPY profit target reached perfectly, prepare to buy again
21 Aug 2017, 05:57 UTC+00   
Views today 2323
Intraday technical levels and trading recommendations for EUR/USD for August...
21 Aug 2017, 15:18 UTC+00   
Views today 2322
Elliott wave analysis of EUR/JPY for August 21, 2017
21 Aug 2017, 12:59 UTC+00   
Views today 2315



Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
55%
from InstaForex
on every deposit