Silver recently reversed up sharply from the support area lying between the key support level 16.600 and the 61.8% Fibonacci correction of the previous upward impulse from July.
The upward reversal from this support area started the active short-term impulse wave (iii) – which belongs to the impulse waves 3 and (3) – from the end of May.
Silver expected to rise further and retest the next resistance level 17.50 (top of the previous impulse wave (i)).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
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