News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bearish
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bullish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.36%, while traders in GBP/JPY are at opposite extremes with 69.94%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/KkMtUpOZdy
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Gold: -0.21% Silver: -0.93% Oil - US Crude: -2.65% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/eNQowu5LRj
  • Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since May 05, 2021 08:00 GMT when Germany 30 traded near 15,153.80. A contrarian view of crowd sentiment points to Germany 30 weakness. https://www.dailyfx.com/sentiment https://t.co/1T0AOilLMv
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.08% 🇯🇵JPY: 0.06% 🇨🇦CAD: -0.07% 🇳🇿NZD: -0.26% 🇬🇧GBP: -0.31% 🇦🇺AUD: -0.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9SsLWtxeZI
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/odJkU3mp5B
  • 🇮🇪 Inflation Rate YoY (APR) Actual: 1.1% Previous: 0% https://www.dailyfx.com/economic-calendar#2021-05-13
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: US 500: -0.34% Wall Street: -0.53% France 40: -1.40% Germany 30: -1.62% FTSE 100: -2.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/9QFO66TbHM
  • $BTC https://t.co/Ai3O9ITqEu
  • Heads Up:🇮🇪 Inflation Rate YoY (APR) due at 10:00 GMT (15min) Previous: 0% https://www.dailyfx.com/economic-calendar#2021-05-13
  • Cryptocurrency sell-off accelerating...sea of red. #btc #bitcoin #rth #ethereum #ltc #xrp @DailyFX Prices via @IGcom https://t.co/nbt2FsI4xp
Silver Prices Technically Consolidate Ahead of Next Breakout

Silver Prices Technically Consolidate Ahead of Next Breakout

Walker England, Forex Trading Instructor

Talking Points:

Silver prices continue to consolidate, and have failed so far to put in a significant daily high or low for the week. Technical traders should note that daily resistance for the price of Silver can currently be found under last Thursday’s daily high of $17.82. Alternatively, support for the commodity may be found at Friday’s daily low of $17.09. If Silver prices break below this low, it may suggest a continuation of the commodities intermediate downtrend. Alternatively, a break to new highs suggests a possible retracement of October’s previous declines.

Silver Prices, 1 Day with Support & Resistance

Silver Prices Technically Consolidate Ahead of Next Breakout

(Created using TradingView Charts)

Technically, Silver prices are currently trading near intraday resistance near $17.52. If prices remain below this value, it may suggest that Silver may turn back towards values of support. The next critical value of intraday support may be found near the S3 Camarilla pivot, at a price of $17.29. If prices remain supported above S3, and fail to breakout lower, traders may view the Silver market as range bound for the remainder of today’s trading session. It should be noted that intraday bearish breakouts might be signaled beneath the S4 pivot, at $17.17. A dip below this price opens Silver to test the daily value of support mentioned above. Alternatively, bullish breakouts may be signaled above $17.63. In this scenario, an intraday bullish breakout opens Silver to test daily resistance at $17.82.

Silver Prices, 30 minute with Intraday Support & Resistance

Silver Prices Technically Consolidate Ahead of Next Breakout

(Created using TradingView Charts)

To Receive Walkers’ analysis directly via email, please SIGN UP HERE

See Walker’s most recent articles at his Bio Page.

Contact and Follow Walker on Twitter @WEnglandFX.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES