MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Technical analysis of Silver for June 10, 2015

Technical outlook and chart setups:

Silver is trading at the level of $16.10/20 at the moment after testing lows around the level of $15.90 yesterday. Please note that the metal is bouncing off from the confluence of the trendline and fibonacci 0.786 support of a rally between $15.60 and $17.70 respectively. Furthermore, it is producing a bullish morning star candlestick pattern on the H4 chart. It is hence recommended to remain long with risk around the level of $15.30 now. Immediate support is seen at $15.60 followed by $15.30 and lower. Resistance is seen around $16.80 followed by $17.30/40 and higher respectively.

Trading recommendations:

Remain long for now, stop is at $15.30, a target is open.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com