Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: XAG/USD remains well supported above $16.00 mark, good to sell on rallies

  • XAG/USD is currently trading around $16.04 marks.
     
  • It made intraday high at $16.05 and low at $15.98 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at $15.98 mark.
     
  • A daily close above $16.03 will test key resistances at $16.12, $16.22, $16.32, $16.40, $16.49 and $16.57 marks respectively.
     
  • On the other side, a daily close below $16.03 will take the parity down towards key supports at $15.92, $15.80, $15.62, $15.44, $15.28 and $15.18 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 short position in XAG/USD around $16.10, stop loss $16.22 and target of $15.80 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 18 08:30 UTC Released

GBX (Retail Prices) MM

Actual

0.3 %

Forecast

Previous

0.4 %

July 18 08:30 UTC Released

GBRPI YY

Actual

3.4 %

Forecast

3.5 %

Previous

3.3 %

January 31 00:00 UTC 242441242441m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 242441242441m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 254261254261m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 242441242441m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 254261254261m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 242441242441m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 242441242441m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 242441242441m

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.