empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

28.03.202308:13 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Silver Commodity Asset, Tuesday March 28, 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 28.03.2023 analysis

After testing the 22,964 level which is a significant resistance level on the daily chart of Silver commodity assets, it seems that in the next few days Silver has the potential to depreciate downwards to the 21,675 level and if the momentum and volatility also support it, it is possible that the 20,916 level will be the next target that will be especially since it is supported by the condition of the Stochastic Oscillator indicator which is above the Overbought level and is getting ready to fall below the 80 level as long as there is no significant corrective movement beyond the 23,465 level, the decline scenario that has been described will continue safely.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off