Silver continues to be squeezed by the declining 10 day MA and the rising 50 day MA. The dollar may trigger a break out of consolidation for silver. Tuesday was day 7 for the daily dollar cycle. The dollar continues to run into resist… | likesmoneystudies June 18 | Silver continues to be squeezed by the declining 10 day MA and the rising 50 day MA. The dollar may trigger a break out of consolidation for silver. Tuesday was day 7 for the daily dollar cycle. The dollar continues to run into resistance at the 105.40 level. Rejection by the 105.40 level and a close back below the 50 day MA would set the dollar up for a possible left translated daily cycle formation -- which should be bullish for silver. | | | | | You can also reply to this email to leave a comment. | | | | |
No comments:
Post a Comment