XAGUSD analysis and forecast

XAG / USD: analysis and forecast

Current trend

On a couple of week
XAG / USD dropped as investors sought to lock in profits after
weakening US dollar. The cost of an ounce of silver fell to a mark
16.84. On Thursday, prices of most commodities rose after
Saudi Arabia launched a bombing of neighboring Yemen. For more
support precious metals market
have unfulfilled hopes of investors to increase interest rates Fed
USA. In his Friday speech, the head of the US Federal Reserve Janet Yellen said that
rate hike can be justified this year, but added that
easing inflationary pressures may force the Fed to postpone the decision.

Support and resistance levels

Resistance Levels:
16.99 (maximum of the Asian session), 17.20 (yesterday’s high), 17.40
(Maximum of 26 March).

Support levels: 16.80
(A minimum of 24 of March), 16.60 (23 March low), 16.20 (the middle line of the indicator
“Bollinger Bands”).

trading recommendations

Short positions should
open on level with the objectives 16.60 16.80 and 16.20. Position to buy will
to date, as soon as the pair breaks through the level 17.00. The objectives of long positions
will be the levels 17.20 and 17.40.

XAGUSD analysis and forecast

Related posts

  • GBPUSD analysis and forecast

    GBP / USD: analysis and forecast current dynamics During yesterday’s trading the GBP / USD pair returned previous lows after significant growth in the…

  • Brent crude Technical Analysis downward trend

    Brent crude: Technical Analysis – the downward trend in the narrow channel W1 (price on the weekly chart) It is located in a primary downtrend in the…


    GOLD: FORECAST BY END OF YEAR All those who follow the raw material exchange and in particular for the metals market , could not help but notice that the…

Next posts

Leave a Reply

Your email address will not be published. Required fields are marked *