InstaForex - Analytics

    InstaForex

    694.50 6.50/10
    61% of positive reviews
    Real

    Daily analysis of Silver for February 04, 2016 2016-02-04

    SILVERH4.png

    Show full picture

    Overview

    The attached H4 chart demonstrates that the silver price has breached the 14.40 level to settle at the first bullish correctional target at 14.67, which opens the way to resuming the correctional bullish wave, which next main target is located at 15.30. The price gets positive support. Therefore, the rise will be suggested in the upcoming sessions, it might be preceded by some temporary sideways fluctuations around the current levels affected by stochastic negativity, which appears clearly in the four-hour time frame, noting that the continuation of the positive overview depends on holding above 14.27.

    The expected trading range for today is between the 14.27 support and the 15.30 resistance.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree