Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Silver depreciates in European hours, FOMC rate decision in focus

  • XAG/USD is currently trading around $15.28 marks.
     
  • It made intraday high at $15.35 and low at $15.24 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at $15.42 mark.
     
  • A daily close above $15.42 will test key resistances at $15.47, $15.62 and $15.84 marks respectively.
     
  • On the other side, a daily close below $15.32 will take the parity down towards key supports at $15.22, $15.16, $15.07 and $14.90 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to take short position on XAG/USD around $15.32, stop loss at $15.43 and target of $15.07/$14.90.

  • ET PRO
  • Market Data

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

2019-04-24 00:48:19
0m

April 23 14:00 UTC Released

USNew Home Sales Chg MM

Actual

4.5 %

Forecast

-2.5 %

Previous

4.9 %

April 23 14:00 UTC Released

USUnits

Actual

0.692 %

Forecast

0.65 %

Previous

0.667 %

January 31 00:00 UTC 645176645176m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 645176645176m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 656996656996m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 645176645176m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 656996656996m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 645176645176m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 645176645176m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 645176645176m

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.