XAGUSD Daily Forecast Nov 10 2014

Outlook in XAGUSD has turned neutral with risk to the downside , resistance comes at the 15.94 levels, a failure to hold above the 15.94  levels on a daily closing basis could mean a return to the 15.00 levels where a cut will call for a fall towards the 14.40 levels , further losses will aim the 13.50  levels ahead of the 12.50 levels.

On the upside , resistance comes at the 15.94 levels , break of the 15.94 levels on a daily closing basis , will put the pair in recovery mode , but recovery above the 15.94  levels should be limited by the 17.12/17.82 levels where fall resumption is likely .

In all , as long as resistance 15.94  holds on a daily closing basis , outlook in XAGUSD remains on the downside towards the 15.00 levels ahead of the 14.40 levels , above 15.94 faces a recovery risk towards the 17.12/17.82 levels before the next fall.


XAGUSD Daily Forecast Nov 10 2014