- XAG/USD is currently trading around $16.53 marks.
- It made intraday high at $16.55 and low at $16.46 levels.
- Intraday bias remains bullish for the moment.
- A daily close above $16.49 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 $16.49 will take the parity down towards key supports at $16.28, $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. Current upside movement is short term trend correction only.
We prefer to take long position on XAG/USD only above $16.56, stop loss $16.40 and target of $16.96.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major European Indices
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro- Woodies Pivot(Major)
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major US Indices 



