Main Quotes Calendar Forum
flag

FX.co ★ Daily analysis of Silver for May 26, 2016

parent
Forex Analysis:::2016-05-26T12:35:40

Daily analysis of Silver for May 26, 2016

Daily analysis of Silver for May 26, 2016

Overview

Silver opens today's session with clear positivity to surpass the previously broken support line of the bullish channel and 16.37 level, but it kept the stability of the daily close below these levels. Stochastic loses its positive momentum clearly to reach the overbought areas, offering a negative factor that we are waiting as it will enable the price to resume the bearish bias, the next targets located at 15.87 and followed by 15.37. Therefore, the bearish trend will remain valid and active supported by the EMA50. We should take into consideration that the stability above 16.37 will stop the expected decline and lead the price to recover again. The expected trading range for today is between 15.87 support and 16.60 resistance.

Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...