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On the 4 hour chart of Silver commodity asset, there is a hidden deviation between Silver price movement with Stochastic Oscillator indicator where this is marked that in the near future, Silver has the potential to go down to its weakness where the level 26,630 will be the main target that will try to aim in the near future, and if the momentum as well as the volatility is quite supporting, then it is not impossible that the next level of 26,236 will be the next target to be aimed, but all these downward scenario will become invalid if on the way to those target levels suddenly there is a strengthening significant correction especially if Silver managed to break above the level 27,325.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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On the 4-hour chart, the USD/CAD commodity currency pair can be seen moving below the EMA (100) and the appearance of a Bearish 123 pattern and the position
With the Stochastic Oscillator condition heading towards the Oversold level (20) on the 4-hour chart of the AUD/JPY cross currency pair, in the near future AUD/JPY has the potential
Early in the American session, gold is trading around 3,220, showing signs of exhaustion. A further technical correction toward the 21SMA is likely in the coming hours
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
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