Web Trader MT5 
Silver shows a clear uptrend on the hourly chart as it recorded higher highs and higher lows. Recently we saw a double top formation on the chart indicating difficulty for prices to continue going higher. Price has pulled back below short-term moving averages MA(5) and MA(10), and is now hovering near 30-period moving average. Moving averages are starting to flatten and converge indicating indecisiveness.
The long-term trend of silver remains bullish despite the current minor bearish correction. A break above the recent double top at $37.21 could open the door for the precious metal to head towards $38.
Silver 1H Chart
| Resistance | $36.96 | $37.05 | $37.22 |
| Support | $36.65 | $36.44 | $36.15 |
Nasdaq remains in a bullish trend despite the recent bearish correction. The index rebounced from the 22,600 level yesterday. Short moving averages MA(5) and MA(10) crossed above the 30 MA, supporting bullish momentum. Price has broken above recent consolidation and is climbing steadily.
MACD lines are bullish and diverging upward, indicating bullish momentum is increasing.
The overall sentiment on Nasdaq remains bullish. A break above 22,900 would confirm trend continuation.
Nasdaq 1H Chart
| Resistance | 22,776 | 22,824 | 22,868 |
| Support | 22,692 | 22,619 | 22,567 |
As the US dollar strengthens, GBPUSD is trending downward. Price is currently trading near the three moving averages MA(5), MA(10), and MA(30). A slight bullish crossover of the MA(5) and MA(10) over the 30-period moving average may occur soon.
Signal and MACD lines are above zero and diverging upward.
While the price is still in the consolidation range, the MACD and MA cross suggest a possible upward continuation toward 1.3650–1.3700 if momentum sustains.
GBPUSD 1H Chart
| Resistance | 1.3647 | 1.3662 | 1.3681 |
| Support | 1.3600 | 1.3574 | 1.3510 |
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