FxWirePro- Woodies pivot (Major) 
FxWirePro- Woodies pivot (Major) 
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe 
Bitcoin Cracks Below $70K: ETF Bloodbath and Iran Tensions Spark Bearish Breakdown as Bears Eye $67K 
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217 
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188 
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117 
FxWirePro: USD/CAD steadies around 1.3840 ,retains bid one 
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside 
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700 
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib 
FxWirePro: NZD/USD hovers near one-week low, outlook bearish 
FxWirePro: USD/ZAR shows upside momentum, but bearish outlook remains 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
FxWirePro: GBP/NZD edges higher but outlook is bearish 
Ichimoku analysis (Daily chart)
Tenken-Sen- $22.28
Kijun-Sen- $23.14
Silver continues to trade weak for the past two consecutive days on a strong US dollar. The commodity was one of the worst performers this month and lost more than 14%. The bullish trend in the US 10-year yields also putting pressure on the silver at higher levels. It hits a low of $21.42 and is currently trading around $21.618.
Markets eye US GDP and initial jobless claims for further direction.
Technically, silver is trading slightly below $21.66 (Sep 20th, 2020 low), this confirms major bearishness. A dip to $20.89 is possible. The near-term resistance is at $21.95, any surge past targets of $22.85/$23.14. Significant bullish continuation only if it breaks $23.50.
Indicator (Daily chart)
CAM indicator –Bearish
Directional movement index – Bearish
It is good to sell on rallies around $21.90-95 with SL around $22.50 for TP of $20.89.
