empty
 
 

2016.07.1801:50:00UTC+00Fxwirepro: Silver Hits Fresh 6-Day Low at 19.74 in Early Hours of Asia; Sell on Rallies

  • XAG/USD is currently trading around $19.98 marks.
     
  • It made intraday high at $20.20 and low at $19.74 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at $20.32 levels.
     
  • A daily close above $20.32 tests key resistances at $20.45, $20.66, $20.78, $21.09 and $21.46 marks respectively.
     
  • On the other side, a daily close below $20.05 will take the parity down towards key supports at $19.98, $19.87, 19.75, $19.65, $19.34, $19.12, $19.09 and $18.68 marks respectively.
     
  • Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms the bullish trend. Current downside movement is short term trend correction only.

We prefer to take short position in XAG/USD around $20.02, stop loss at $20.12 and target $19.75/ $19.65/$19.48 marks respectively.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback