JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch 
FxWirePro: USD/CAD slips after Fed holds rates steady 
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict 
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption 
FxWirePro: USD/ CNY remains soft ahead of Fed decision 
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision 
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies 
FxWirePro: USD/ CNY hits one-month low,scope for futher downside 
FxWirePro:EUR/NZD gains some upside momentum but still bearish 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision 
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro- Major Pair levels and bias summary 
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup 
FxWirePro- Woodies pivot (Major) 
Ichimoku Analysis (Hourly chart)
Tenken-Sen- $26.08
Kijun-Sen- $26.18
Silver is consolidating between $24.96 and $26.58 for the past two days. The commodity trend is on the higher side on COVID-19 spread across UK. European countries have started to ban flights coming from the UK on the new coronavirus. The spread of the new virus has increased the demand for the precious metal. The increase in demand for silver in industrial uses, especially in the 5G global platform.
The gold/silver ratio has declined from 85 till 69, slightly above 5- year low of 65. It shows that silver is cheap compared to gold.
Technically, commodity took support near 200- H EMA and any significant weakness only below $24.95. A dip till $24.48/$23.89 possible. On the higher side, near term resistance is around $26.69 (61.8% fib) and indicative break above targets $27/$27.92.
It is good to buy on dips around $25.45-50 with SL around $24.96 for TP of $27.45.
