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FxWirePro: XAG/USD moves in stiff boundaries, stay bearish

  • XAG/USD is currently trading around $16.35 marks.
     
  • It made intraday high at $16.43 and low at $16.34 levels.
     
  • Intraday bias remains neutral till the time pair holds key resistance at $16.50 mark.
     
  • A daily close above $16.40 will test key resistances at $16.55, $16.70, $16.95, $17.08, $17.22, $17.40 and $17.52 marks respectively.
     
  • On the other side, a daily close below $16.40 will take the parity down towards key supports at $16.22, $15.90 and $15.68 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 short position in XAG/USD around $16.35, stop loss $16.50 and target of $15.90.

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2018-11-16 08:04:22
0m

November 16 08:00 UTC Released

CZPPI YY

Actual

3.9 %

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3.3 %

Previous

3.2 %

November 16 08:00 UTC Released

CZPPI MM

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0.7 %

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0.2 %

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0.3 %

January 31 00:00 UTC 416654416654m

ARAnnual Primary Balance*

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2016 bln ARS

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January 22 19:00 UTC 428474428474m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 416654416654m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 428474428474m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 416654416654m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 416654416654m

ARAnnual Primary Balance*

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2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 416654416654m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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