Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Silver falls in early hours of Asia, downside limited

  • XAG/USD is currently trading around $17.04 marks.
     
  • It made intraday high at $17.19 and low at $17.04 levels.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at $17.18 mark.
     
  • A daily close above $17.16 will test key resistances at $17.22, $17.40 and $17.52 marks respectively.
     
  • On the other side, a daily close below $17.16 will take the parity down towards key supports at $17.10, $16.98, $16.87, $16.70, $16.55, $16.48, $16.36, $16.28, $16.15 and $16.02 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

We prefer to take long position in XAG/USD around $16.98, stop loss $16.92 and target of $17.22/$17.40 mark.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 13 14:30 UTC Released

USECRI Weekly Annualized

Actual

1.5 %

Forecast

Previous

2.2 %

July 13 14:30 UTC Released

USECRI Weekly Index

Actual

148.5 %

Forecast

Previous

147.4 %

January 31 00:00 UTC 238766238766m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 238766238766m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 250586250586m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 238766238766m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 250586250586m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 238766238766m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 238766238766m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 238766238766m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.