FX.co ★ Patterns SILVER | Silver Rate in the Forex market

The Triple Top pattern has formed on the chart of the SILVER M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -65, support level -210, and pattern’s width 700. Forecast If the price breaks through the support level 76.54, it is likely to move further down to 77.28.

The Triple Top pattern has formed on the chart of the SILVER M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 80, support level -1790, and pattern’s width 2630. Forecast If the price breaks through the support level 74.75, it is likely to move further down to 77.22.

According to the chart of M15, SILVER formed the Inverse Head and Shoulder pattern. The Head’s top is set at 77.24 while the median line of the Neck is found at 74.75/76.54. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of SILVER will go towards 77.26

According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 84.18 and 82.62 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 1560 pips. Outlook: If the upper border 84.18 is broken, the price is likely to continue its move by 83.56.

The Double Top pattern has been formed on SILVER M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 83.68 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 84.10; the lower boundary 82.95; the width of the pattern is 1210 points. Sell trades are better to be opened below the lower boundary 82.95 with a possible movements towards the 82.94 level.

The Double Bottom pattern has been formed on SILVER M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 83.34 is broken. The further movements will rely on the width of the current pattern 755 points.

The Triple Top pattern has formed on the chart of the SILVER M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 120, support level -100, and pattern’s width 725. Forecast If the price breaks through the support level 83.23, it is likely to move further down to 83.97.

According to the chart of M5, SILVER formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 83.23 – 83.23 and upper border 83.99 – 83.99. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 83.99; the lower boundary 83.23; the width of the pattern 755 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 83.22 level.