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 April 15, 2015


Technical outlook and chart setups:


Silver has bounced off exactly from the level of $16.00 yesterday as we had forecasted earlier. The metal has produced an engulfing bullish candlestick pattern as seen here. Furthermore, it has received support from the fibonacci 0.618 level around $16.09. It is strongly recommended to remain long and look to add fresh positions at the current levels with risk at $15.50 for now. Bulls are poised to push prices higher towards at least $18.40/50 or further. Immediate support is seen at $15.80 followed by $15.30 and lower while resistance is seen at $16.70 levels (interim) followed by $17.30/40, $18.40/50, and higher respectively.


Trading recommendations:


Remain long, stop at $15.30, target is open.


Good luck!




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