Daily analysis of Silver for January 26, 2018 26.01.2018

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Exchange Rates 26.01.2018 analysis

Overview

Silver price is crawling upwards gradually since this morning to move above 17.43 level, which supports our bullish overview for the short term. This outlook is also supported by the EMA50 that carries the price from below, waiting to target 18.30 level as the next main station. Let me remind you that the expected rise conditions the stability of the daily close above 17.43. The expected trading range for today is between 17.20 support and 17.70 resistance.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Hossam Soliman Ali,
Analytical expert
InstaForex Group © 2007-2018

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