– Silver reversed from support level 22.00
– Likely to rise to resistance level 23.500
Silver recently reversed up from the key support level 22.00 (which reversed the daily Morning Star in November as can be seen below).
The support level 22.00 was strengthened by the lower daily Bollinger Band and by the support trendline of the daily down channel from December.
Silver can be expected to rise further to the next resistance level 23.500 (top of the previous correction is and ii).
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level…
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200…
The unwinding of the carry trade in the FX market continues, with the major safe…
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below…
- AUDUSD reversed from support level 0.6700 - Likely to rise to resistance level 0.6800…
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