XAGUSD Daily Forecast Sept 12 2014

Outlook in XAGUSD remains on the downside as long as resistance 18.97 /19.32  holds on a daily closing basis , support comes at the 18.58  levels where a cut will open the 18.22 levels , a halt is likely , but losing the 18.22  levels will open 17.77  next , further downside will aim the 17.27  levels…

On the upside , resistance comes at the 18.97  levels ahead of the 19.32  levels (main) , a clear break above the 19.32  levels will turn outlook neutral for retesting the 19.49/19.89  levels before the next fall…

In all, as long as resistance  18.97 /19.32  holds on a daily closing basis , outlook in XAGUSD remains on the downside towards the 18.22   levels ahead of the 17.77  levels , above the  18.97 /19.32  levels would only delay the bearish move for retesting the  19.49/19.89   levels before the next possible  fall…

 

XAGUSD Daily Forecast Sept 12 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

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