Technical

Weekly: Remains contained within a bearish channel formation. The Ichimoku cloud has capped gains and a shooting star candle has been posted, negative for sentiment.

Silver

Daily: A bearish evening star has formed after a rejection from the previous swing high ($16.19). Selling has continued from the 61.8% Fibonacci retracement level of $16.00 (17.32-13.87). We are now trading inside the Ichimoku cloud and expect volatile price action.

Silver

Daily (2): A full AB=CD corrective formation would take the commodity to $15.70. Bespoke resistance is located at $15.60. Although the long-term picture is mixed, we look for at least a larger correction to the downside.

Silver

We look to sell at $15.60

Stop: $16.00

Targets:$14.90 and $13.85

Trading carries a high level of risk to your capital. Losses can exceed deposits. Please read the full risk warning here.Trading spot foreign exchange and futures on margin carries a high level of risk and may not be suitable for all investors. You may lose all your capital. Loses can exceed deposits. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in spot foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. If you are in any doubt about investment or the mechanics of such products, you should seek independent financial advice

Feed news

Latest Forex Analysis

Editors’ Picks

EUR/USD: bearish strength pointing to lower lows for the year

The EUR/USD pair extended its decline Friday to finish the week sharply lower in the 1.1150 region. The American currency stood victorious on the back of persistent concerns about US-Sino trade tensions and encouraging local data.

EUR/USD News

GBP/USD: political tensions knocked the Pound ANALYSIS | 14:48 GMT

The GBP/USD pair closed the week in the 1.2710 area, its lowest since mid-January, as the Pound plunged alongside Brexit cross-party talks, a "very negative development," as Irish PM Varadkar said. 

GBP/USD News

USD/JPY: corrective advance could extend up to 110.50

After advancing for a second consecutive day, the USD/JPY pair closed the week with modest gains just above the 110.00 figure, retreating from a daily high of 110.19. 

USD/JPY News

Bitcoin price update: BTC reclaims $7,000, recovery stalled

Bitcoin (BTC) has recovered from a scary flash crash that took it all the way down from $7,800 to as low as $6,512. The first digital coin lost about 16% of its value in a matter of hour with no particular reason .

Read more

Gold breaks to the downside hits 2-week lows near $1275

Gold prices accelerated to the downside today and particularly after the beginning of the American session, resuming the bearish move. The yellow metal is falling for the fourth day in-a-row and it is down almost $30 from the weekly high. 

Gold News

Majors

Cryptocurrencies

Signatures