The overall trend is upward. Silver is trading in a range of 365 and 135 moving averages. The descending H1 level pattern is truncated, while the Awesome Oscillator shows a Bullish divergence. A breakout of 24.08 will result in the formation of an upward M15 level wave pattern within …
The pair rose sharply on Monday morning amid the short-term truce in the EU–UK talks after this weekend’s meeting. It may continue to grow locally as the Fed is expected to decide on the new fiscal stimulus which will weaken the US dollar.
Technical side:
The price is above …
Analysis based on round-number levels, price channels and modified Elliot Waves
The overall trend is downward. A start fractal has formed below the 135 (EMA) moving average. Breaking through the start fractal will result in the formation of a 1-2-3 descending pattern. Awesome Oscillator shows a bearish divergence.
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