For Traders

Analytical Reviews

Technical analysis

25.05.201717:51 Forex Analysis & Reviews: Daily analysis of Silver for May 25, 2017

Long-term review

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.

Overview

Silver traded positively after retesting the neckline of the double bottom pattern that appears on chart. It confirms that a bullish bias is still dominating the intraday trading. We are waiting until 17.43 level is tested initially. Please note that breaching this level will push the price to head towards 18.30 as the next main station. Therefore, we still suggest the bullish trend in the upcoming sessions supported by the EMA50. Besides, it should be taken into consideration that breaking 16.56 will stop the suggested rise and push the price to decline again. The expected trading range for today is between 17.00 support and 17.50 resistance.

Back to the list

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.