Hello guys, how are you? I welcome you all to my trading journal update. First, I want to thank everyone for putting effort into the technical forecasting of different forex currency markets. Today, we will discuss Silver. With the US dollar weakening and tensions in the Middle East and North Africa continuing, gold and silver prices have reached new record highs.At $49.79 an ounce, Silver briefly reached an all-time high before retreating to $46.91. Because of inflation and geopolitical turmoil, investors have been buying precious metals.
High Impact News: Fed Chair Powell Speaks Information events for USD today will significantly impact the market.
USDJPY close trade: Today, I am closing my USDJPY buy Trade. USDJPY is losing money due to the downward market trend. The lot size of my USDJPY business is 0.30, the work is close to 144.49, and I lost 1.25dollars.
Silver running Trade: Today our running trades are in Silver. We have set 0.30 for lot size, whose entry point is 18.480. It has been rejected since 18.310 is no longer a resistance zone for Silver. Shortly, Silver prices will reach the 100 EMA line as it is above the 100 EMA line. My Stop-Loss is below the 18.554support level. When the Silver charge breaks the 18.290 resistance level area and hits my Stop-Loss, I open a buy Trade to recover my losses. Silver Take-Profit becomes 18.950 above a hundred EMA line. Sixty-five percent of the time, the fee will hit my Take-Profit zone now that the Trend is bearish.
