Metals
Silver Technical Analysis
Silver shows a strong uptrend on the hourly chart as the precious metal nears its all-time high. Price has recently hit a high of $49.53 and is currently experiencing a slight pullback or consolidation just below this peak. The series of higher highs and higher lows confirms the bullish momentum.
The price is trading above the short-term moving average MA(5),medium-term (MA10), and longer-term (MA30), which is a classic bullish signal.
The MACD line is above the Signal line, and both are above the zero line, confirming the strong bullish trend.
A decisive break and close above the recent high of $49.53 would likely target the $50 psychological level.
However, a drop and sustained trade below the 30-period moving average and the zero line on the MACD would signal a deeper correction or trend reversal.
Silver 1H Chart
| Resistance | $49.26 | $49.50 | $50.00 |
| Support | $48.42 | $48.00 | $47.30 |
EURUSD Technical Analysis
EURUSD chart shows a strong and sustained downtrend starting from a high near 1.1758. The pair has been making lower highs and lower lows, indicating strong selling pressure. Recently, the pair bottomed near 1.1597 and is currently attempting a small upward correction.
The price has been trading consistently below all three Moving Averages (5, 10, and 30 periods) throughout the downtrend, a strong bearish signal.
Recently, the MACD line has crossed above the Signal line, and the histogram bars have turned green, both occurring near the low of 1.15979.
Bearish Scenario: The primary trend is bearish. The correction is likely to stall and reverse upon reaching the resistance from the moving averages. Bullish Scenario: A sustained break and close above the 30-period MA, coupled with the MACD lines crossing above the zero line, would be required to suggest a deeper reversal or a change in the overall trend.
EURUSD 1H Chart
| Resistance | 1.1648 | 1.1681 | 1.1721 |
| Support | 1.1589 | 1.1546 | 1.1502 |
Nasdaq Technical Analysis
Nasdaq 100 shows a clear uptrend as it outperforms the other major US indices. The index peaked at 25,220.18 and is currently undergoing a minor retracement. The candles show a strong push up into a consolidation phase.
The price is trading above all three Moving Averages (5, 10, and 30 periods), which is a bullish indicator.
The MACD line is above the Signal line and the zero line, indicating an active uptrend.
A close above 25,220 would likely continue the rally. But a sustained move below the cluster of moving averages (around 25,000) would confirm the short-term correction.
Nasdaq 1H Chart
| Resistance | 25,192 | 25,250 | 25,400 |
| Support | 25,100 | 25,054 | 24,840 |
