XAGUSD Daily Forecast Nov 17 2014

Outlook in XAGUSD remains on the upside as long as support 16.05 holds on a daily closing basis , resistance comes at the 16.39 levels , a break is needed to resume rise from 15.06 levels, If seen , It will target 16.75 next , further upside will aim the 17.20 levels ahead of the 17.81 levels.

On the downside , losing the 16.05 levels on a daily closing basis will bring a corrective pullback towards the 15.27/15.06 levels before the next move…

In all , as long as support 16.05 holds on a daily closing basis , outlook in XAGUSD remains on the upside towards the 16.39/16.75 levels ahead of the 17.20/17.80 levels , below 16.05¬†will bring corrective pullback towards the 15.27/15.06 levels before the next move…

 

XAGUSD Daily Forecast Nov 17 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS