Silver-
Ichimoku analysis (4- hour chart)
Tenken-Sen- $23.90
Kijun-Sen- $23.27
Silver pared some of its gains after hitting a multi-month high. The increased chance of a rate cut by the Fed in June is supporting precious metals at lower levels. It hit a high of $24.22 and is currently trading around $23.67.
Economic Indicator-
Mar 6th, 2024, Fed Powell testimony (3 pm GMT)
Gold-silver ratio-
Gold/Silver ratio- 89.83. It shows that one ounce of gold is equivalent to 90 ounces of silver. It is good to buy silver at lower levels compared to gold.
Markets eye Chinese economic development for further silver price action.
Major trend reversal level -$24.60.
It trades above 21, 55- EMA, and 200 EMA in the 4-hour chart. The near-term support is around $23.60 and a break below targets of $23.10/$22.75/$22.30. On the higher side, immediate resistance is around $24.25, any breach above targets $24.60/$25.
It is good to buy on dips around $23.50 with SL around $23 for TP of $25


FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: GBP/AUD under pressure as pound continues to weaken
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro- Woodies pivot (Major)
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: GBP/NZD gains some ground but outlook is bearish
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 



