{"id":19868,"date":"2011-03-01T07:45:40","date_gmt":"2011-03-01T12:45:40","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19868"},"modified":"2011-03-01T07:45:40","modified_gmt":"2011-03-01T12:45:40","slug":"silver-hits-34-40-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/01\/silver-hits-34-40-level\/","title":{"rendered":"Silver Hits $34.40 Level"},"content":{"rendered":"

By Anton Eljwizat<\/strong><\/p>\n

Silver<\/a> prices rose significantly in the past month and peaked at $34.40 an ounce. However, the daily chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders involved with commodities like this can take advantage of this knowledge by going short on silver now, and at a great entry price!<\/p>\n

\u2022\tBelow is the 4-hour chart for silver by ForexYard.<\/p>\n

\u2022\tThe technical indicators used are the Slow Stochastic<\/a>, RSI<\/a> and Williams Percent Range.<\/p>\n

\u2022\tPoint 1: The Slow Stochastic indicates a bearish cross, signaling that the next move may be in a downward direction.<\/p>\n

\u2022\tPoint 2: The Williams Percent Ranges is showing that this pair is heavily over-bought and may be experiencing strong downward pressure.<\/p>\n

\u2022\tPoint 3: The RSI signals that the price of this pair currently floats in the over-bought territory, suggesting downward pressure.<\/p>\n

\"Siver<\/p>\n

Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em>
\n<\/a><\/strong><\/em><\/p>\n

\u00a9 2006 by FxYard Ltd<\/p>\n

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

Silver prices rose significantly in the past month and peaked at $34.40 an ounce. However, the daily chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders involved with commodities…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-19868","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=19868"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19868\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}