Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: XAG/USD stabilizes above $14.50 mark, stay bullish

  • XAG/USD is currently trading around $14.54 marks.
     
  • It made intraday high at $14.59 and low at $14.53 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at $14.40 mark.
     
  • A daily close above $14.57 will test key resistances at $14.68, $14.85, $14.97, $15.09, $15.22, $15.32 and $15.40 marks respectively.
     
  • On the other side, a daily close below $14.42 will take the parity down towards key supports at $14.28, $14.22, $14.12 and $13.98 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 around $14.50, stop loss at $14.45 and target of $14.68.

  • ET PRO
  • Market Data

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

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 819270819270m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 819270819270m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 831090831090m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 819270819270m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 831090831090m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 819270819270m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 819270819270m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 819270819270m

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.