Silver price hits the target – Analysis - 07-02-2019

2019-02-07 05:19:25 GMT (Economies.com)
Silver price hits the target – Analysis - 07-02-2019
 

Silver price succeeded to reach our waited target at 15.62, falling under negative pressure that comes by the EMA50, besides the completion of a double top pattern that we believe it will push the price to surpass the mentioned level and open the way to head towards 15.22 as a next main station.

 

Therefore, the bearish trend will remain suggested for today as long as the price is below 16.00.

 

The expected trading range for today is between 15.40 support and 15.80 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1079
-0.0019
0.1699%
1.2133
-0.0021
0.1761%
16.873
-0.231
1.353%
56.193
1.393
2.541%
59.76
1.12
1.91%
1496.300
-15.965
1.056%
 
 
Live Forex Updates