Weekly chart suggests pair is looking to do a larger pullback to at least correct the cycle from 2014 low, and likely also 2011 low. As far as pair stays below 1/27 peak at 4.158, favor pair to resume lower. For more trading ideas, feel free to check Chart of The Day and take our FREE 14 Day Trial.

Silver’s Intrinsic Monetary Value Silver is a unique metal which belongs to the category of Precious Metal. Along with Gold, Silver has been used as money for thousands of years. It was the Roman Empire in 330 BCE who first used gold and silver in a widespread currency system. Under the Roman currency system, denarius is the name of a […]

Short term Elliottwave structure suggests Index ended wave X bounce at 10340. Decline from there is unfolding as a double correction where wave (W) ended at 9226.15 and wave (X) bounce ended at 9808.77. Near term wave ((w)) is proposed complete at 9310, and wave ((x)) bounce is in progress to correct the decline from 9808.77 in 3, 7, or […]

Short term Elliottwave structure suggests Index ended wave X bounce at 10340. Decline from there is unfolding as a double correction where wave (W) ended at 9226.15 and wave (X) bounce is proposed complete at 9808.77. Near term wave (a) is expected to complete at 9353 – 9511 area, then it should bounce in wave (b) before […]

Short term Elliottwave structure suggests Index ended wave X bounce at 10340. Decline from there is unfolding as a double correction where wave (W) ended at 9226.15 and wave (X) bounce is currently in progress as a Flat structure and has scope to extend 1 more leg higher towards as high as 10000 before Index resumes the decline. As […]

Short term Elliottwave structure suggests cycle from 6/9 peak remains alive as a double three where wave W ended at 45.83 and bounce to 50.54 ended wave X. Wave Y lower is in progress with the internal as a double three where wave ((w)) ended at 45.83 and wave ((x)) bounce ended at 50. Near term focus […]