EURUSD Trading for July 29, 2020 (12 ITM)

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EUR/USD Trading for July 29, 2020 (1/2 ITM)

A bit of a unique set-up occurred when I first began trading, in that it’s not one that comes up frequently. Starting on the 2:10(AM EST) candle, a series of consecutive wicks occurred on each five-minute candle, showing an inability to break this particular price level before the daily pivot.

Before the end of the 2:20 candle, I began to take note of this formation given this candle was evidently going to represent a bearish engulfing pattern – that is, the body of the red candle engulfs (or more simply put, goes down lower than) the preceding green candle. It’s typically indicative of a potential reversal pattern. So on the 2:25 candle, I took a put option at the level that had seemingly set up on its own. Ultimately I did not win this trade due to the expiry time, but I had the right idea as price fell afterwards.

It’s not often that price stalls in an apparently arbitrary manner (i.e., not a price level you’d necessarily expect it to), but when it does, viable trade set-ups can occur this way.

Support 1 became my next focus after the market fell. But the market seemingly wanted to veer lower by the 3AM hour (relative to Eastern Standard Time). Whenever you’re considering call options against a down-move, it’s always important to due your dilligence in ascertaining whether the evidence of a reversal (or at least a temporary one) is most likely. Nonetheless, support 1 was never in play and the market reversed course just a couple pips away from it.

The next potential set-up came at the daily pivot level of 1.34349. There was a touch and rejection on the 3:15 candle, showing some sensitivity to that particular price. The market remained under it, and stayed relatively lazy for the next 20+ minutes. It wasn’t until the 3:40 candle that 1.34349 was re-touched a second time. However, this was not a signal to enter into a put option due to the degree of volatility that was inherently expressed in this candlestick.

Over the past few weeks, I’ve become more cognizant of the necessity of better taking into account increasing volume and “momentum” in the market due to the fact that it’s been a legitimate cause in some trades that I’ve lost in the past. And as I wrote recently, it’s very important to learn all that you can from the trades that you lose.

Granted, picking up on higher market volume can be difficult, given that you only have part of a candle to reach this awareness. But if a particular candlestick is moving at a good clip or whose basic size has clearly superseded that of the recent preceding candles, the market is simply receiving an influx of orders. This can dent hopes of capitalizing on potential trade set-ups, given the fact that some will simply not hold up very well while more volume is entering the market.

I did recognize this and stayed out of this particular trade set-up.

It wasn’t until a few hours into my trading session that I actually made my first (and only) winning trade for the day.

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There was some sensitivity shown to the pivot level, but the market did break pivot at 4:30AM EST and began inching higher. The move wasn’t very energetic at all. In fact, it basically hit the brakes about halfway between the pivot point/resistance 1 channel. It wasn’t until the 5:20 candle where the official oomph behind the move to resistance 1 actually occurred. Price touched and rejected the level on the 5:25 candle.

Based on what I said earlier, this also seems like an appropriate place to stay out of the market due to the increased volatility. But on the same token, it’s also necessary to consider what happens following. Sometimes these are just mini spikes, rather than indicative of a trend. In this case, based on evidence gathered on the 5:30 candle, it leaned in favor of the former. In order to get a better resolution of the underlying movement, going down to a smaller time compression – such as the one-minute chart – can prove useful. Based on the action occurring, I did feel confident enough of resistance 1 holding to take a put option.

I also felt confident in the sense that there was clearly a reasonable amount of selling influence in today’s market. The market was nearly pushed down to support 1 early in the day. Price remained stuck in the vicinity of the pivot level for about an hour right before this. And, as aforementioned, the move up from the pivot wasn’t very spirited, outside of perhaps just the 5:25 candle. Hence, the fact that there was enough selling influence in the market to keep the market below resistance 1 was not surprising and this produced a solid winning trade.

SILVER PRICE FORECAST FOR TOMORROW, WEEK AND MONTH

2020/04/05 – Silver Price Today

Actual Silver Price equal to 14.52 Dollars per 1 troy ounce. Today’s range: 14.44-14.75. Previous day close: 14.65, сhanged by -0.13, -0.89%. Siver price per 1 gram here.

Silver Price forecast for tomorrow, this week and month

Silver Price Forecast By Day

Date Weekday Low High Price
04/06 Monday 13.75 15.19 14.47
04/07 Tuesday 14.31 15.81 15.06
04/08 Wednesday 14.21 15.71 14.96
04/09 Thursday 14.30 15.80 15.05
04/10 Friday 13.92 15.38 14.65
04/13 Monday 13.77 15.21 14.49
04/14 Tuesday 13.71 15.15 14.43
04/15 Wednesday 14.39 15.91 15.15
04/16 Thursday 15.11 16.70 15.90
04/17 Friday 15.87 17.54 16.70
04/20 Monday 16.25 17.96 17.10
04/21 Tuesday 16.34 18.06 17.20
04/22 Wednesday 15.58 17.22 16.40
04/23 Thursday 15.19 16.79 15.99
04/24 Friday 14.43 15.95 15.19
04/27 Monday 13.71 15.15 14.43
04/28 Tuesday 13.03 14.41 13.72
04/29 Wednesday 12.89 14.25 13.57
04/30 Thursday 12.87 14.23 13.55
05/01 Friday 12.58 13.90 13.24
05/04 Monday 12.52 13.84 13.18
05/05 Tuesday 12.67 14.01 13.34
05/06 Wednesday 12.63 13.95 13.29
05/07 Thursday 13.02 14.39 13.70

In 1 week Silver Price forecast on Monday, April, 13: price 14.49 Dollars, high 15.21, low 13.77. Silver Price forecast on Tuesday, April, 14: price 14.43 Dollars, high 15.15, low 13.71. Silver Price forecast on Wednesday, April, 15: price 15.15 Dollars, high 15.91, low 14.39. Silver Price forecast on Thursday, April, 16: price 15.90 Dollars, high 16.70, low 15.11. Silver Price forecast on Friday, April, 17: price 16.70 Dollars, high 17.54, low 15.87.

In 2 weeks Silver Price forecast on Monday, April, 20: price 17.10 Dollars, high 17.96, low 16.25. Silver Price forecast on Tuesday, April, 21: price 17.20 Dollars, high 18.06, low 16.34. Silver Price forecast on Wednesday, April, 22: price 16.40 Dollars, high 17.22, low 15.58. Silver Price forecast on Thursday, April, 23: price 15.99 Dollars, high 16.79, low 15.19. Silver Price forecast on Friday, April, 24: price 15.19 Dollars, high 15.95, low 14.43.

In 3 weeks Silver Price forecast on Monday, April, 27: price 14.43 Dollars, high 15.15, low 13.71. Silver Price forecast on Tuesday, April, 28: price 13.72 Dollars, high 14.41, low 13.03. Silver Price forecast on Wednesday, April, 29: price 13.57 Dollars, high 14.25, low 12.89. Silver Price forecast on Thursday, April, 30: price 13.55 Dollars, high 14.23, low 12.87. Silver Price forecast on Friday, May, 1: price 13.24 Dollars, high 13.90, low 12.58.

In 4 weeks Silver Price forecast on Monday, May, 4: price 13.18 Dollars, high 13.84, low 12.52. Silver Price forecast on Tuesday, May, 5: price 13.34 Dollars, high 14.01, low 12.67.

Silver Price Per Gram Today

Actual Silver Price equal to 0.47 Dollars per 1 gram. Today’s range: 0.46-0.47. Previous day close: 0.47, changed by 0.00, 0.00%.

Silver Price per gram forecast for tomorrow, this week and month

Silver Price Forecast By Day

Date Weekday Low High Price
04/06 Monday 0.45 0.49 0.47
04/07 Tuesday 0.47 0.51 0.49
04/08 Wednesday 0.47 0.51 0.49
04/09 Thursday 0.47 0.51 0.49
04/10 Friday 0.46 0.50 0.48
04/13 Monday 0.45 0.49 0.47
04/14 Tuesday 0.45 0.49 0.47
04/15 Wednesday 0.47 0.51 0.49
04/16 Thursday 0.48 0.54 0.51
04/17 Friday 0.51 0.57 0.54
04/20 Monday 0.52 0.58 0.55
04/21 Tuesday 0.52 0.58 0.55
04/22 Wednesday 0.49 0.55 0.52
04/23 Thursday 0.48 0.54 0.51
04/24 Friday 0.46 0.50 0.48
04/27 Monday 0.44 0.48 0.46
04/28 Tuesday 0.42 0.46 0.44
04/29 Wednesday 0.42 0.46 0.44
04/30 Thursday 0.42 0.46 0.44
05/01 Friday 0.41 0.45 0.43
05/04 Monday 0.41 0.45 0.43
05/05 Tuesday 0.42 0.46 0.44
05/06 Wednesday 0.42 0.46 0.44
05/07 Thursday 0.43 0.47 0.45

In 1 week Silver Price forecast on Monday, April, 13: price 0.47 Dollars, high 0.49, low 0.45. Silver Price forecast on Tuesday, April, 14: price 0.47 Dollars, high 0.49, low 0.45. Silver Price forecast on Wednesday, April, 15: price 0.49 Dollars, high 0.51, low 0.47. Silver Price forecast on Thursday, April, 16: price 0.51 Dollars, high 0.54, low 0.48. Silver Price forecast on Friday, April, 17: price 0.54 Dollars, high 0.57, low 0.51.

In 2 weeks Silver Price forecast on Monday, April, 20: price 0.55 Dollars, high 0.58, low 0.52. Silver Price forecast on Tuesday, April, 21: price 0.55 Dollars, high 0.58, low 0.52. Silver Price forecast on Wednesday, April, 22: price 0.52 Dollars, high 0.55, low 0.49. Silver Price forecast on Thursday, April, 23: price 0.51 Dollars, high 0.54, low 0.48. Silver Price forecast on Friday, April, 24: price 0.48 Dollars, high 0.50, low 0.46.

In 3 weeks Silver Price forecast on Monday, April, 27: price 0.46 Dollars, high 0.48, low 0.44. Silver Price forecast on Tuesday, April, 28: price 0.44 Dollars, high 0.46, low 0.42. Silver Price forecast on Wednesday, April, 29: price 0.44 Dollars, high 0.46, low 0.42. Silver Price forecast on Thursday, April, 30: price 0.44 Dollars, high 0.46, low 0.42. Silver Price forecast on Friday, May, 1: price 0.43 Dollars, high 0.45, low 0.41.

In 4 weeks Silver Price forecast on Monday, May, 4: price 0.43 Dollars, high 0.45, low 0.41. Silver Price forecast on Tuesday, May, 5: price 0.44 Dollars, high 0.46, low 0.42.

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July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 102.46 Analyst Consensus Price Target: 85.69 QA Price Target Range: 87.04 – 115.73 Total Alpha Rank: 95th percentile Value Alpha Rank: 64th percentile Growth Alpha Rank: 80th percentile Quality Alpha Rank: 86th percentile Sentiment Alpha Rank: 75th percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 4.44 Analyst Consensus Price Target: 4.95 QA Price Target Range: 3.84 – 4.96 Total Alpha Rank: 95th percentile Value Alpha Rank: 90th percentile Growth Alpha Rank: 61st percentile Quality Alpha Rank: 53rd percentile Sentiment Alpha Rank: 87th percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 93.04 Analyst Consensus Price Target: 70.13 QA Price Target Range: 71.63 – 111.26 Total Alpha Rank: 95th percentile Value Alpha Rank: 87th percentile Growth Alpha Rank: 61st percentile Quality Alpha Rank: 77th percentile Sentiment Alpha Rank: 68th percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 18.91 Analyst Consensus Price Target: 20.38 QA Price Target Range: 13.62 – 23.43 Total Alpha Rank: 95th percentile Value Alpha Rank: 58th percentile Growth Alpha Rank: 82nd percentile Quality Alpha Rank: 97th percentile Sentiment Alpha Rank: 55th percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 66.63 Analyst Consensus Price Target: 58.86 QA Price Target Range: 52.36 – 78.90 Total Alpha Rank: 95th percentile Value Alpha Rank: 62nd percentile Growth Alpha Rank: 97th percentile Quality Alpha Rank: 46th percentile Sentiment Alpha Rank: 87th percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 21.90 Analyst Consensus Price Target: 20.81 QA Price Target Range: 17.96 – 25.27 Total Alpha Rank: 95th percentile Value Alpha Rank: 65th percentile Growth Alpha Rank: 96th percentile Quality Alpha Rank: 55th percentile Sentiment Alpha Rank: 72nd percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 10.05 Analyst Consensus Price Target: 9.50 QA Price Target Range: 8.29 – 11.54 Total Alpha Rank: 95th percentile Value Alpha Rank: 69th percentile Growth Alpha Rank: 47th percentile Quality Alpha Rank: 98th percentile Sentiment Alpha Rank: 71st percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 22.11 Analyst Consensus Price Target: 20.00 QA Price Target Range: 18.84 – 24.88 Total Alpha Rank: 95th percentile Value Alpha Rank: 81st percentile Growth Alpha Rank: 52nd percentile Quality Alpha Rank: 55th percentile Sentiment Alpha Rank: 96th percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 46.42 Analyst Consensus Price Target: 44.71 QA Price Target Range: 41.41 – 50.65 Total Alpha Rank: 95th percentile Value Alpha Rank: 65th percentile Growth Alpha Rank: 45th percentile Quality Alpha Rank: 76th percentile Sentiment Alpha Rank: 97th percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 29.84 Analyst Consensus Price Target: 26.25 QA Price Target Range: 23.70 – 35.04 Total Alpha Rank: 95th percentile Value Alpha Rank: 80th percentile Growth Alpha Rank: 56st percentile Quality Alpha Rank: 83rd percentile Sentiment Alpha Rank: 79th percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 62.95 Analyst Consensus Price Target: 76.83 QA Price Target Range: 59.32 – 66.02 Total Alpha Rank: 96th percentile Value Alpha Rank: 89th percentile Growth Alpha Rank: 81st percentile Quality Alpha Rank: 63rd percentile Sentiment Alpha Rank: 64th percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 10.31 Analyst Consensus Price Target: 10.45 QA Price Target Range: 6.56 – 13.50 Total Alpha Rank: 96th percentile Value Alpha Rank: 73rd percentile Growth Alpha Rank: 90th percentile Quality Alpha Rank: 86th percentile Sentiment Alpha Rank: 47th percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 69.24 Analyst Consensus Price Target: 62.10 QA Price Target Range: 46.60 – 88.58 Total Alpha Rank: 96th percentile Value Alpha Rank: 52nd percentile Growth Alpha Rank: 91st percentile Quality Alpha Rank: 67th percentile Sentiment Alpha Rank: 90th percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 23.55 Analyst Consensus Price Target: 25.00 QA Price Target Range: 17.22 – 28.95 Total Alpha Rank: 96th percentile Value Alpha Rank: 88th percentile Growth Alpha Rank: 52nd percentile Quality Alpha Rank: 45th percentile Sentiment Alpha Rank: 97th percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 30.20 Analyst Consensus Price Target: 25.50 QA Price Target Range: 24.15 – 36.63 Total Alpha Rank: 96th percentile Value Alpha Rank: 83rd percentile Growth Alpha Rank: 45th percentile Quality Alpha Rank: 88th percentile Sentiment Alpha Rank: 77th percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 48.35 Analyst Consensus Price Target: 38.50 QA Price Target Range: 44.48 – 51.65 Total Alpha Rank: 96th percentile Value Alpha Rank: 84th percentile Growth Alpha Rank: 82nd percentile Quality Alpha Rank: 49th percentile Sentiment Alpha Rank: 89th percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 30.67 Analyst Consensus Price Target: 29.90 QA Price Target Range: 26.40 – 34.29 Total Alpha Rank: 96th percentile Value Alpha Rank: 77th percentile Growth Alpha Rank: 85th percentile Quality Alpha Rank: 37th percentile Sentiment Alpha Rank: 97th percentile

July 10th, 2020 – July 8th, 2020 QA Avg. 12-month Price Target: 79.87 Analyst Consensus Price Target: 66.25 QA Price Target Range: 68.29 – 89.82 Total Alpha Rank: 96th percentile Value Alpha Rank: 88th percentile Growth Alpha Rank: 80th percentile Quality Alpha Rank: 79th percentile Sentiment Alpha Rank: 49th percentile

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