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*

Daily analysis of Silver for January 22, 2016

SILVERH4.png

Overview

The silver price keeps moving around the 13.96 level, and the price is still confined inside the sideways range that appears on the pictured chart, fluctuating between the 13.65 support and 14.25 resistance, while it needs to breach one of these levels to detect next targets on a short-term basis. Therefore, we still suggest the domination of the sideways range on the upcoming trading, reminding you that breaking the mentioned range's support will lead the price to visit the 13.00 level direct. However, breaching the resistance will push trading for bullish correction that its main targets reach 15.30. The silver price shows some slight bullish bias heading towards the sideways range resistance located at 14.25, while stochastic reaches the overbought areas, becoming negative factor that might push the price to bounce bearishly again.

Therefore, there is no change in the sideways trading scenario that will remain valid until the price managed to breach one of the sideways range lines represented by the 13.65 support and 14.25 resistance.

The expected trading range for today is between 13.65 support and 14.40 resistance.

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