XAGUSD Daily Forecast Mar 13 2015

silver min
silver min

Outlook in XAGUSD remains on the downside as long as 16.07 resistance holds on a daily closing basis , support comes at the 15.40 levels , a halt is likely , but a cut would open 14.60 next , further down will target the 13.70 levels.

On the upside , resistance comes at the 16.07/16.74  levels , stability below this level will keep the pair under pressure , however , sustained breakout – daily closing above the 16.74 levels will suggest short term bottoming and open 18.47 levels before the next fall…

In all ,as long as 16.07/16.74  resistance holds on a daily closing basis , outlook in XAGUSD remains on the downside towards the 15.40 levels ahead of the 14.60 levels , above the 16.74 levels faces a recovery risk below the 18.47 levels before the next fall…

 

XAGUSD Daily Forecast Mar 13 2015

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