Silver recently reversed down from the resistance area lying between the key resistance level 14.80 (which has been reversing the price from the start of October), upper daily Bollinger Band and the resistance trendline of the daily up channel from September.
The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star Doji.
Silver is expected to fall further and re-test the next support level 14.30 (low of the previous waves 2, (b), (1) and B).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
