empty
 
 

2017.03.0900:42:00UTC+00Fxwirepro: Silver Hits Fresh 2-Month Low at $17.15 Mark, Stay Bearish

  • XAG/USD is currently trading around $17.17 marks.
     
  • It made intraday high at $17.27 and low at $17.15 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at $17.52 mark.
     
  • A daily close above $17.21 will test key resistances at $17.35/$17.52/$17.62/$17.76/$17.96/$18.01/$18.22/$18.48/$18.88 marks respectively.
     
  • On the other side, a daily close below $17.21will take the parity down towards key supports at $17.10/$17.01/$16.88/$16.68 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.

We prefer to go short on XAG/USD around $17.20 with stop loss at $17.52 and target of $17.01/$16.88.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback