Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: XAG/USD rejects key resistance at $14.82 mark, FOMC meeting minutes in focus

  • XAG/USD is currently trading around $14.61 marks.
     
  • It made intraday high at $14.66 and low at $14.60 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at $14.82 mark.
     
  • A daily close above $14.64 will test key resistances at $14.82, $14.98, $15.10, $15.32 and $15.47 marks respectively.
     
  • On the other side, a daily close below $14.64 will take the parity down towards key supports at $14.58, $14.40, $14.22, $14.07, $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.
     
  • Later today U.S. FOMC meeting minutes in focus.

We prefer to take short position on XAG/USD around $14.62, stop loss $14.72 and target of $14.40/$14.22.

  • ET PRO
  • Market Data

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

November 16 21:00 UTC Released

UST Flows,Incl.Swaps

Actual

16.7 Bln USD

Forecast

Previous

111.5 Bln USD

November 16 21:00 UTC Released

USOverall Net Capital Flows

Actual

-29.1 Bln USD

Forecast

Previous

108.2 Bln USD

January 31 00:00 UTC 417744417744m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 417744417744m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 429564429564m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 417744417744m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 429564429564m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 417744417744m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 417744417744m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 417744417744m

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.