XAGUSD Daily Forecast Oct 21 2014

Outlook in XAGUSD remains neutral with risk to the downside as long as resistance 17.80  holds on a daily closing basis , support comes at the 16.67  levels , a clear break below this level would open 16.00 next , further downside will pave the way towards the 15.00/14.60  levels.

On the upside , resistance comes at the 17.80 levels , a clear break above the 17.80 levels will bring rebound towards the 18.88 levels , a halt is likely , but further upside will aim the 19.89 levels.

In all , as long as resistance 17.80 holds on a daily closing basis , outlook in XAGUSD remains on the downside towards the 16.67 levels ahead of the 16.00  levels , a clear break above the 17.80 levels will bring recovery towards 18.88 levels .

 

XAGUSDDaily Forecast Oct 21 2014

 

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