Main >
Analytics
>
Fresh forecast
>
การวิเคราะห์ฟอเร็กซ์ในทางเทคนิค: แนวโน้ม
>
Silver could be long towards 16.88

Silver could be long towards 16.88 | 07 July 2017

Short the Australian Index

Silver could be long towards 16.88

Technical Observation
Recently, the Australian Index broke out below the daily support line 5692.7 but then right back above. This is a false breakout and unless this line is clearly broken for the second time with a big red candle,I remain flat. A breakout below this line will mean waiting for a pullback to the just broken line to pick a sell position with may Taker profit at 5374.2. A break below 5374.2 will push the price further downwards towards the weekly support line 5100.3

Technical levels:

Resistance levels
R1: 6000.1
R2: 5806.1

Support Levels

S1: 5374.3
S2: 5129.6

Trade Signal

Wait for a breakout below 5692.7 to sell this index towards 5374.2
Long towards 16.88
Silver could be long towards 16.88
Technical Observation

Since 20th June, Silver entered into a rising channel and is still rallying within it. Following the rejection from the lower trend line acting as the bottom of the rising channel. I expect a rise towards the upper trend line acting as the top to the rising channel. As long as the price remains within this channel, I'm only interested in  trading reversals. A breakout below the lower trend line will mean waiting for breakout below 16.58 to short  Silver towards 16.36.


Technical levels:

Resistance levels

R1: 22.01

R2: 24.84
 
Support Levels

S1: 16.01

S2: 14.40
 
Trade Signal
Long Silver towards the upper trend line
Flat
Silver could be long towards 16.88
Technical Observation
In the past one week, the German stocks index dropped drastically and even broke below the weekly resistance line 12416.00. I'm waiting for this breakout to be validated. That is, if the price can sustain this breakout, then I may consider short positions.  As it is, the rise above 12416.00 may just be a false breakout and should not be the basis under which I long this index. On the weekly chart above, unless price get back above 12416.0 with a big green candle, short positions seems more ideal and can be recommended towards 10777.4
Technical Levels
Resistance levels
R1: 12416.1
R2: 10775.2
Support Levels
S1: 8970.1
S2: 5810.2
Trade Signal
Flat

 

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Close
ปูมบันทึกอยู่ใน

แสดงรหัสผ่าน

ซ่อนรหัสผ่าน

 ลืมรหัสผ่าน?
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .

รางวัลที่ดีที่สุดของเรา:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company does not provide services in the following countries.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.