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29.04.202112:47 ফরেক্স বিশ্লেষণ এবং পর্যালোচনা: Trading plan for Silver for April 29, 2021

Exchange Rates 29.04.2021 analysis

Technical outlook:

Silver has been in a downtrend since printing highs at $30.13 levels on February 01, 2021. The metal has since carved a series of lower lows and lower highs until $23.70 mark on March 31, 2021. Thereafter, it has managed to produce a clear counter trend corrective rally towards $26.70 levels as seen on the chart here. Bears might be inclined to resume lower again towards $19.00 levels, going forward.

Silver is seen to be trading lower around $26.24 levels at this point in writing and is expected to break below its counter trend line support soon. Immediate resistance is now seen at $26.70, followed by $28.30 and higher, while support comes in around $24.70 and $23.80 levels respectively. A break below $24.70 would confirm a meaningful top in place around $26.70 levels.

Silver is setting up for a dramatic bearish reversal towards $19.00 and $13.00 levels going forward. Bottom line remains that prices should stay below $30.00 levels. Please note that the metal might produce a complex structure as Gold and test $27.50 levels before turning lower again.

Trading plan:

Remain short, add more @ 27.50, stop @ 30.50, target @ 19.00 and @ 13.00

Good luck!

*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।

বিশ্লেষকদের পরামর্শসমূহের উপকারিতা এখনি গ্রহণ করুন
ট্রেডিং অ্যাকাউন্টে অর্থ জমা করুন
ট্রেডিং অ্যাকাউন্ট খুলুন

ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।

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