Silver analysis
Comex silver price ( xagusd) trading at 16.54$, our subscribers enjoyed this rise as we were in buy yesterday. In our weekly newsletter we recommended to stay silver in buy despite weak on chart. We anticipated in our weekly forecast about this move and gave upside target.
Currently silver chart suggests a good support at 16.45-40$ range. If traders take this base out and manage to sustain trade below our support. Then expect good pressure in silver price upto 16.20$- 16$ today.
A good hurdle on silver chart stands at 16.75$, If traders break this hurdle and manage to sustain trade above our resistance. Then expect good firepower in silver price upto 16.99$ – 17.25$ today.
Silver forecast conclusion: Silver trend is positive for now. Buy in dips would be our strategy for today.
Dow Jones Index analysis
Dow Jones trading at 24840, It crashed almost 280 points from its peak and our subscribers enjoyed it. We gave a sell signal at 24995 for target of 24860. We made approx 1300$ profit per lot profit in Dow Jones. For now a good support on Wall Street chart stands at 24720, If traders tank this base and manage to sustain trade below our support. Then expect more pressure in Dow upto 24600- 24400.
A good hurdle on Wall Street index stands at 25050, If traders break this hurdle and manage to sustain trade above our resistance. Then expect more firepower in Wall Street upto 25190- 25300 today.
Dow Jones Index analysis conclusion: Dow Jones trend is weak for now. Avoid any major buy in this Indices.
Euro analysis
Euro to dollar trading flat at 1.17835. Euro did’nt take off as dollar index is standing firm despite crack in US equity markets. A good hurdle on euro stands at 1.1820, If traders take this hurdle out and manage to sustain trade above our resistance. Then expect good firepower in euro to dollar upto 1.1860- 1.1900.
A good base on this major forex pair stands at 1.1740, If traders tank this base today and manage to sustain trade below our support. Then expect good pressure in euro upto 1.1700- 1.1650 today.
Euro analysis conclusion: Euro trend is flat to positive for now.
Gold, Bitcoin, Crude oil analysis is here
More will update to our signals subscribers.