ChartReadings

ChartReadings May 28, 2021

The yellow metal technical outlook shows that the bulls had taken over which also shows that price is prepared to make a new high towards 1915 - 1930 region. A break below 1884 terminates the count.

ChartReadings May 28, 2021

Aussie is presently trading the last leg of a triangle correction pattern. If this is true, price is expected to rise towards 0.77700 - 0.77800 to end the E leg of the triangle before a fall.

ChartReadings May 20, 2021

Just as projected in the previous outlook. Price followed the harmonic structure and currently pulling down. As long as 28.700 holds, price is expected to dip to a minimum level of 26.25 in the coming days.

ChartReadings May 20, 2021

As seen on the chart above, price penetrated above the 1875.00 level but was unable to hold above the critical level. As long as 1875 - 1890 critical zones are not breached, price is expected to fall towards 1762.

ChartReadings May 16, 2021

Silver technical outlook shows different form of technical analysis pointing towards an emerging bearish outlook. On the chart above, we were able to spot an emerging BEARISH SHARK formation, a HEAD and SHOULDERS pattern and a price RESISTANCE zone. A reversal candle formation between the region of 27.900 - 28.900 will signal a reversal. If the scenario is true,...

ChartReadings May 16, 2021

The yellow metal started the double zigzag correction phase from a peak of 2070.00. The first double zigzag correction ended at 1763.00 which is labelled W while price pulled up to form the retracement for X which ended at 1953.00. The next double zigzag phase completed the first leg at 1676.00 while the formation of the correction is approaching a reversal zone...

ChartReadings Mar 11, 2021

Loonie is technically showing a double zigzag elliot wave formation or a triangle. If this scenarios work out, USDCAD is expected to go LONG to 1.28000 and beyond. Invalidation level at 1.24680.

ChartReadings Nov 18, 2020

Technical outlook on the yellow metal shows a descending triangle. Price is expected to push lower to 1834.00 before a change in direction.

ChartReadings Oct 18, 2020

Technical outlook shows that price in currently trading at the wave C-D of the 4th wave triangle. If this is true, price is expected to drop lower to the lower line to complete wave D.

ChartReadings Oct 18, 2020

Technical outlook shows that price is currently trading within the corrective wave structure of wave 2 of 3. If this is correct, price is expected to drop lower.

ChartReadings Oct 18, 2020

Technical outlook on the yellow metal shows that the correction from the all time high of 2xxx is not yet over. Price is expected to push lower to 181x.xx region.

ChartReadings Sep 23, 2020

Silver is expected to gain slightly against the USD before the dip continue.

ChartReadings Sep 23, 2020

The spot metal is expected to gain a little strength against the USD before a further dip. The forecast shows a slight correction before the drop. Trade is not expected to be held for too long before changing to a sell entry. Updates coming later

ChartReadings Jun 18, 2020

Technical outlook shows that price completed wave B of a zigzag correction which wave C is expected to get to a region of 1.07380 - 1.07500. A break below 1.06300 shows that the wave B correction is not yet over.

ChartReadings Jun 17, 2020

Outlook shows that wave 3 of the impulse would be extended as price just completed an intermediate wave 1 of 3. Bullish move target for the intermediate wave 3 is expected to end at 1758.00 which is about 300pips from current market price. A break below 1711.00 renders the count invalid.

ChartReadings Jun 16, 2020

The precious metal seems to be at minor wave (ii) of 3. Price is expected to push further to 1800.00 psychological number in the coming days. A break below 1700.00 invalidates the count.

ChartReadings Jun 15, 2020

Current outlook shows a push down from the resistance. Price completed a bearish CRAB at 1.76500, dropping the first 5impulse wave down after which a 3waves correction of the 5impulse wave ended at 1.75970. Another 5waves is expected to push price towards 1.71800. A break above 1.76500 invalidates the count.

ChartReadings Jun 15, 2020

Technical outlook shows that a correction phase is completed while price is expected to form a 5waves impulse to the upside. A break below 0.60370 invalidates the count.