Forex Trading, Forex Tools, Currency Trading, Forex Tips, Forex Resources » Reversal http://www.forextradingexpress.com Forex Trading, Currency Trading, Forex Tools, Forex Trading Tips, Forex Trading Resources, Forex Trading Training, Forex Converter, Forex Calculator, Forex Charts, Forex Market, Forex Rates, Forex Trader Sat, 21 Jan 2012 04:21:33 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Silver Reversal in the Works http://www.forextradingexpress.com/forex-tutorial/silver-reversal-in-the-works/ http://www.forextradingexpress.com/forex-tutorial/silver-reversal-in-the-works/#comments Fri, 27 Nov 2009 14:19:37 +0000 admin http://www.forextradingexpress.com/?p=100 silver 27-11In today’s trading, the silver experienced much bearishness. However, as I will illustrate below the 4-hour chart’s oscillators support a bullish reversal for today. This might be a good opportunity for forex traders to enter the trend at a very early stage and at a great entry price. • The chart below is the 4-hour [...]]]> In today’s trading, the silver experienced much bearishness. However, as I will illustrate below the 4-hour chart’s oscillators support a bullish reversal for today. This might be a good opportunity for forex traders to enter the trend at a very early stage and at a great entry price.

• The chart below is the 4-hour Silver chart by ForexYard.

• The technical indicators that are used are the Slow Stochastic and Relative Strength Index (RSI).

• Point 1: There is a “doji” candlestick formed in the chart, indicating that a reversal should take place.

• Point 2: The Slow Stochastic indicates a bullish cross, signaling that the next move may be in an upward direction.

• Point 3: The RSI signals that the price of this pair currently floats in the over-sold territory, suggesting upward pressure.

Silver 4-Hour Chart
silver 27-11

source:  forexyard.com

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