forexyard
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Silver Volatility on the Way?
- Below is the 4-hour chart and daily chart for Silver by ForexYard.
- The indicators used are the Bollinger Bands, MACD, Slow Stochastic and RSI.
- On the 4-hour chart it is clear that the Bollinger Bands are beginning to tighten. This signals that a volatile movement is impending.
- Point 1: The MACD on the 4-hour chart shows a bullish cross, signaling that the move may be in an upward direction.
- Point 2: The RSI on the Daily Chart signals that the price of this pair currently sits near the bottom border, suggesting upward pressure.
- Point 3: The Slow Stochastic on the Daily Chart indicates a fresh bullish cross, which signals that an upward movement is going to occur in the nearest future.
- If the impending breach is indeed upward, going long with tight stops appears to be preferable strategy.
- With a Standard Account with ForexYard, traders can earn $10 per pip movement by trading Silver.
4-Hour Chart - Silver
- Below is the 4-hour chart and daily chart for Silver by ForexYard.
- The indicators used are the Bollinger Bands, MACD, Slow Stochastic and RSI.
- On the 4-hour chart it is clear that the Bollinger Bands are beginning to tighten. This signals that a volatile movement is impending.
- Point 1: The MACD on the 4-hour chart shows a bullish cross, signaling that the move may be in an upward direction.
- Point 2: The RSI on the Daily Chart signals that the price of this pair currently sits near the bottom border, suggesting upward pressure.
- Point 3: The Slow Stochastic on the Daily Chart indicates a fresh bullish cross, which signals that an upward movement is going to occur in the nearest future.
- If the impending breach is indeed upward, going long with tight stops appears to be preferable strategy.
- With a Standard Account with ForexYard, traders can earn $10 per pip movement by trading Silver.
4-Hour Chart - Silver