- XAG/USD is currently trading around $16.35 marks.
- It made intraday high at $16.48 and low at $16.34 levels.
- Intraday bias remains bearish till the time pair holds immediate resistance at $16.48 mark.
- A daily close above $16.44 will test key resistances at $16.56, $16.72, $16.85, $16.96, $17.23 and $17.33 marks respectively.
- On the other side, a daily close below $16.44 will take the parity down towards key supports at $16.30, $16.25, $16.16, $16.10, $16.02 and $15.84 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on XAG/USD around $16.38, stop loss $16.48 and target of $16.10.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Pair levels and bias summary
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Major Crypto levels and bias summary
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major European Indices
FxWirePro- Major US Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 



