| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data

ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?

FxWirePro- Major Crypto levels and bias summary

EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900

FxWirePro: USD/CNY outlook weaker on renewed downside pressure

FxWirePro- Major Pair levels and bias summary

FxWirePro- Woodies Pivot(Major)

FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data

FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments

FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop

CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?

FxWirePro: NZD/USD downside pressure builds, key support level in focus

FxWirePro- Major Crypto levels and bias summary

FxWirePro- Major European Indices

Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance

FxWirePro: AUD/USD uptrend loses steam, remains on bullish path

©Econometrics LLC . All Rights Reserved.

FxWirePro: Go long on XAG/USD only above $16.42 with stop loss at $16.28 and target of $16.90

Monday, June 6, 2016 6:18 AM UTC

XAG/USD is currently trading around $16.39 marks.
It made intraday high at $16.43 and low at $16.33 levels.
Intraday bias remains bullish till the time pair holds key support at $16.11 marks.
A daily close below $16.11 will take the parity down towards key support at $15.95, $15.88 and $15.62(20D EMA) marks respectively.
Alternatively, current upside trend will take the parity higher towards key resistances at $16.45, $16.63 and $16.90 marks respectively.
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms bullish trend.

We prefer to take long position in XAG/USD only above $16.42, stop loss $16.28 and target $16.90 marks.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Trump Weighs Reclassifying Marijuana as Schedule III, Potentially Transforming U.S. Cannabis Industry

Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push

Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data

SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market

Trump’s Rob Reiner Remarks Spark Bipartisan Outrage After Tragic Deaths

Jimmy Lai Convicted Under Hong Kong National Security Law in Landmark Case

Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data

FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments

Sydney Bondi Beach Terror Attack Kills 16, Sparks Gun Law and Security Debate

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

FxWirePro: Go long on XAG/USD only above $16.42 with stop loss at $16.28 and target of $16.90

Editor's Picks

Welcome to EconoTimes