empty
25.09.2012 03:07 PM
Silver Technical Levels and Trading Recommendatios for September 25, 2012

This image is no longer relevant

 


Overview


The H4 chart shows today that silver is still trading between the Support level 33.90 and the Resistance level of 34.25. In case that silver continues its bearish view and manages to break this Support level, it will provide a good opportunity to sell below the Support level as well as will make it possible to reach the Support level of 32.50 as a level target. After that we should wait for breaking out of this Support level to continue the bearish move. In case silver is able to break the Support level of 32.25 and closes 4H below, we will get a bearish strength which will provide new sell signals and enable the Support level of 32.65 as a level target.
On the other hand, if silver reverses its bearish move and takes an upward direction after its rebound from the Support level 33.90 , this will be a strong indicator for the bullish move after closing 4H above the Support level enabling the Resistance level 34.25 again. In this case, we should wait for breaking this Resistance level to continue the bullish view. Based on the given H4 chart, the technical indicators provide sell signals, but as long as the Support level of 33.90 is unbroken, the upward move is still expected and invalidating the downward movement. Therefore, we should wait for more confirmations before making the decision.


Resistance and Support levels

R3(35.60)
R2(35.00)
R1(34.25)
S1(33.90)
S2(33.25)
S3(32.65)


Trading Recommendations

According to previous analysis, we recommend selling in case of closing 4H below the Support level 33.90 with TP 33.35; SL closing 4H above the Support level might be appropriate.

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Signals for GOLD (XAU/USD) for July 30-31, 2025: buy above $3,320 (21 SMA - 5/8 Murray)

Gold is trading around 3,332, recovering after having reached the key level of $3,300. Gold is expected to climb to the 7/8 Murray level around 3,398 in the coming days

Dimitrios Zappas 07:08 2025-07-30 UTC+2

Trading Signals for EUR/USD for July 30-31, 2025: buy above 1.1530 (rebound - 6/8 Murray)

Technically, the euro is reaching oversold levels. So, the odds are that there will be consolidation above the psychological level of 1.15 or above 6/8 Murray in the coming days

Dimitrios Zappas 07:07 2025-07-30 UTC+2

Trading Signals for BITCOIN for July 30-31, 2025: sell below $118,750 (6/8 Murray - 21 SMA)

If Bitcoin breaks the downtrend channel in the next few days and consolidates above $119,000, we could expect it to reach the 7/8 Murray level around 121,875 and even

Dimitrios Zappas 07:05 2025-07-30 UTC+2

Despite of the potential for a limited correction, the USD/CHF remains bullish overall, Wednesday, July 30, 2025.

USD/CHF – Wednesday, July 30, 2025. The appearance of divergence between the USD/CHF price movement and the RSI(14) indicator indicates the potential for a limited correction. Although the RSI(14)

Arief Makmur 06:50 2025-07-30 UTC+2

Can the dominant sellers in AUD/USD break below its pivot level today, Wednesday, July 30, 2025?

AUD/USD – Wednesday, July 30, 2025. With the RSI (14) condition in the neutral-bullish area, even though the EMA (50) is below the EMA (200), sellers are still quite dominant

Arief Makmur 06:50 2025-07-30 UTC+2

EUR/USD Forecast for July 30, 2025

On Tuesday, the euro declined by 42 pips. The downward movement paused at the 55-day moving average (MA55). Now, the test of the target support at 1.1495 —

Laurie Bailey 05:13 2025-07-30 UTC+2

GBP/USD Forecast for July 30, 2025

By the end of yesterday, the British pound had settled below the 1.3369 level. But let's take a look at the weekly chart — here, the price has tested support

Laurie Bailey 05:13 2025-07-30 UTC+2

Oil Forecast for July 30, 2025

Oil (CL) By this morning, the price has reached the target level of 69.43 and the MACD line on the weekly scale. Two weeks ago, a pullback lasting two weeks

Laurie Bailey 05:13 2025-07-30 UTC+2

EUR/USD – July 29th. Smart Money System Analysis

We continue to observe a strong bullish trend, which shows no signs of ending. There are still no reasons to consider it complete. I understand that the signing

Samir Klishi 18:48 2025-07-29 UTC+2

EUR/JPY – Analysis, Forecast, and Current Market Situation

The euro continues to show relatively weak performance amid concerns over a potentially unbalanced trade agreement between the United States and the European Union. In addition, the market remains cautious

Irina Yanina 17:54 2025-07-29 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.