- XAG/USD is currently trading around $16.42 marks.
- It made intraday high at $16.43 and low at $16.34 levels.
- Intraday bias remains bearish till the time pair holds key resistance at $16.55 mark
. - A daily close above $16.37 will test key resistances at $16.55, $16.68, $16.75, $16.82, $16.96, $17.08, $17.22, $17.40 and $17.52 marks respectively.
- On the other side, a daily close below $16.37 will take the parity down towards key supports at $16.30, $16.18, $16.08, $15.90 and $15.68 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 in XAG/USD around $16.45, stop loss $16.57 and target of $16.30/$16.18.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 



