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ChartReadings

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.

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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.

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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.

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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.

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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,...

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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...

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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.

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

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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.

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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.

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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.

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

ChartReadings

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

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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.

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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.

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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.

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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.

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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.