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FxWirePro: XAG/USD back above $14.20 mark, further sideways movement likely

  • XAG/USD is currently trading around $14.19 marks.
     
  • It made intraday high at $14.21 and low at $14.10 levels.
     
  • Intraday bias remains neutral till the time pair holds key resistance at $14.23 mark.
     
  • A daily close above $14.23 will test key resistances at $14.22, $14.28, $14.47, $14.70, $14.98, $15.10, $15.32 and $15.47 marks respectively.
     
  • On the other side, a daily close below $14.04 will take the parity down towards key supports at $13.90, $13.82, $13.68 and 13.51 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.

We prefer to take long position on XAG/USD only above 14.22, stop loss $14.10 and target of $14.32/$14.47.

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October 18 09:00 UTC Released

ZAMining Production YY

Actual

-9.1 %

Forecast

-4 %

Previous

-5.2 %

October 18 09:00 UTC Released

ZAGold Production YY

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-15.5 %

Forecast

Previous

-15 %

January 31 00:00 UTC 374996374996m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 374996374996m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 386816386816m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 374996374996m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 386816386816m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 374996374996m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 374996374996m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 374996374996m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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