Ichimoku analysis (4-hour chart)
Tenken-Sen- $26.78
Kijun-Sen- $26.98
Silver was trading flat ahead of the Fed monetary policy. It hit a low of $26.24 yesterday and is currently trading around $26.39.
Any hawkish rate pause by the Fed will drag silver prices lower. Markets eye the Fed dot plot for further movement.
Gold-silver ratio-
Gold/Silver ratio- 86.57. The ratio increased from 81.60 to 87.06, well above the historical average of 52. So silver will outperform gold. It is good to buy silver at lower levels compared to gold.
Major trend reversal level -$30
It trades below 21, 55- EMA, and above 200 EMA in the 4-hour chart. The near-term support is around $26.39 and a break below the target of $25.54/$25. On the higher side, immediate resistance is around $27.75, and any breach above targets is $28/$29.45/$30.
It is good to sell on rallies around $ 27.18-20 with SL around $28 for TP of $25.


FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major European Indices
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Woodies Pivot(Major)
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major European Indices
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: USD/ZAR edges higher but bearish outlook persists
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 



