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The Wild Card Silver 21 Aug 2009

Discussion in 'Major Currency Crosses' started by forexqs.blogspot.com, Aug 21, 2009.

  1. forexqs.blogspot.com

    Aug 20, 2009
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    Friday, 21 Aug 2009

    USD to Go Volatile on U.S. Homes Sales and Bernanke Speech

    The Wild Card

    Silver has experienced much bearishness in the past 2 weeks as it currently trades at the $13.74. The current bearish trend is expected to come to n end anytime soon, and a bullish correction may be in the making. This is supported by the RSI of the hourly and daily chart, and the Stochastic Slow of the hourly and daily chart. Entering the commodity when the upward breach occurs may turn out to pay off for forex traders today.

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