For the last 3 weeks, silver has been following Gold higher.

Are we seeing a reversal?

 

Silver may be starting a bear run as we see a downward price channel with price action approaching the upper trend line.

The stochastic oscillator is showing some bearish confluence as well.

If we add MACD, we can see even more bearish indication.

If we move out to the one-hour chart, we have the same sentiment but are we seeing a falling wedge?

Last time, we saw a bullish pattern on WTI Crude Oil.

However, the Israeli government has stated that it will not attack Iran’s oil infrastructure causing Oil to open with a gap to the downside.

So? Will price fill the gap with the stochastic oscillator heading into oversold?

Speaking of gaps, every JPY pair opened with gaps after Japan’s elections and political turmoil over the weekend.

Will price action fill this gap with the stochastic oscillator very overbought?

All the US indices except one are lower with the NASDAQ at resistance in this ascending triangle.

The stochastic oscillator is stubbornly staying overbought and MACD is just heading back into bullish territory.

Whatever you are trading this week, we have a full economic calendar so join us on Thursday for a review of USD and Friday’s Non-Farm Payrolls.

That’s all for now.

CFDs and FX are leveraged products and your capital may be at risk.

While we may offer market commentary based on fundamental or technical analysis, we do not offer trading advice and cannot be held liable for any decisions taken by viewers and readers of our material.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD regains traction and bounces off daily lows

EUR/USD regains traction and bounces off daily lows

After bottoming out near 1.0450, EUR/USD managed to regain some balance and revisit the 1.0470 zone on the back of alternating risk appetite trends in the FX world and amid investors' assessment of the German elections.

EUR/USD News
GBP/USD hovers around 1.2630 amid a vacillating Dollar

GBP/USD hovers around 1.2630 amid a vacillating Dollar

GBP/USD alternates gains with losses in the low-1.2600s in response to the lack of a clear direction in the global markets and a lacklustre price action surrounding the Greenback.

GBP/USD News
Gold extends consolidative phase near record highs

Gold extends consolidative phase near record highs

Prices of Gold glimmered higher on Monday, hitting an all-time high around $2,955 per ounce troy on the back of the US Dollar's inconclusive price action as investors are warming up for a key inflation report due toward the end of the week.

Gold News
Bitcoin Price Forecast: BTC standoff continues

Bitcoin Price Forecast: BTC standoff continues

Bitcoin has been consolidating between $94,000 and $100,000 since early February. Amid this consolidation, investor sentiment remains indecisive, with US spot ETFs recording a $540 million net outflow last week, signaling institutional demand weakness.

Read more
Money market outlook 2025: Trends and dynamics in the Eurozone, US, and UK

Money market outlook 2025: Trends and dynamics in the Eurozone, US, and UK

We delve into the world of money market funds. Distinct dynamics are at play in the US, eurozone, and UK. In the US, repo rates are more attractive, and bills are expected to appreciate. It's also worth noting that the Fed might cut rates more than anticipated, similar to the UK. In the eurozone, unsecured rates remain elevated.

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Majors

Cryptocurrencies

Signatures

Best Brokers of 2025