Technicals

Add as a preferred source on Google

FxWirePro: Prefer to go long on XAG/USD only above $19.42 with stop loss at $18.88 and target of $19.75

XAG/USD is currently trading around $19.33 marks. It made intraday high at $19.39 and low at $19.27 levels. Intraday bias remains bullish till the time pair holds key support at $18.88 levels. A daily close below $18.88 …

1 min read
FxWirePro: Prefer to go long on XAG/USD only above $19.42 with stop loss at $18.88 and target of $19.75
Image from the original EconoTimes article

Read the original article

  • XAG/USD is currently trading around $19.33 marks.
     
  • It made intraday high at $19.39 and low at $19.27 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at $18.88 levels.
     
  • A daily close below $18.88 will take the parity down towards key supports at $18.68, $18.44, $18.17, $17.69, $17.50 and $17.08 marks respectively.
     
  • On the other side, a daily close above $19.42 will test key resistances at $19.58/$19.72/$19.88/$20.05/$20.22/$20.32/$20.46/$20.67/$20.78/$21.09 and $21.46 marks respectively.
     
  • Important to note here that in a daily chart 20D, 30D and 55D EMA heads up and confirms the bullish trend.

We prefer to go long on XAG/USD only above $19.42 with stop loss at $18.88 and target of $19.75/$19.93.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560