S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Facts:
- The momentum of the EMA (100 & 200) remains bullish.
- The MACD (12,26,9) indicator is generating a bullish signal — the MACD line crosses above the signal line from below.
Trade : Long position on SILVER at market price
- Target: 92
- Stop: 70
SILVER (D1)
Source: xStation5 OPINION : Silver has gone through a consolidation period after the crash at the beginning of the year. The current levels provide a solid base for a return to the long-term uptrend. Methodology and assumptions:
- The recommendation is based on technical chart analysis, in particular EMA moving averages, Fibonacci levels, and the MACD indicator.
- The target level was determined based on FIBO levels.
- The protective stop-loss order was set based on a favorable risk-to-reward ratio and is also based on a FIBO level.
