Silver recently reversed down from the resistance area lying between the key resistance level 14.90 (top of the previous correction (ii) from August), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse from August.
The downward reversal from this resistance area started the active medium-term impulse wave (5), which belongs to the long-term impulse sequence from January.
Silver is expected to fall further and re-test the next support level 14.00 (which stopped the previous medium-term impulse wave (3) in September).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies
