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Silver DECEMBER 2019 – breach of a trending resistance line that has been tested at least twice before.

Silver DECEMBER 2019 has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 5 days and suggests a target line to be around 17.2969 within the next 14 hours.

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We expect NZDUSD to trend downwards today with a 75% chance.

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We expect EURUSD to trend upwards today.

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